Based on currently available numbers, there are about 31 vacant housing units for every homeless person in the U.S.
this post was submitted on 10 Jul 2024
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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.
As long as banks keep printing money (which then becomes public debt), housing values will continue to rise along with all other financial assets.