Fact Check

Based on currently available numbers, there are about 31 vacant housing units for every homeless person in the U.S.

  • Passerby6497@lemmy.worldEnglish
    11·
    1 year ago

    Because a house today is worth less than a house years from now (probably). Housing is seen as an investment instead of a human need, so you can hold a bunch of them like tickets in the hopes that you can sell them for more later.

    • ZMoney@lemmy.world
      11·
      1 year ago

      As long as banks keep printing money (which then becomes public debt), housing values will continue to rise along with all other financial assets.