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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Alright, question. If market prices are supposedly driven by supply-and-demand, and the supply is nearly 30 times the demand, why are housing prices so fucking high?
Demand includes every person currently housed as well and only a small portion of the population is homeless, so the supply really isn’t 30 times higher than the demand.