The US needs to build 2 million houses to revive the American dream of homeownership
The US needs to build 2 million houses to revive the American dream of homeownership
"Following the GFC, new residential construction effectively stopped, and we have been trying to catch up ever since," NDR said.
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Equity firms own 1.6 million homes in the US (both single family and multi family units).
Just saying, that would get us most of the way there.
What's to keep Equity firms from buying those 2 million homes? Won't that just leave us back where we are now?
Do we think we can build more homes than Equity firms can spend other people's money on?
What's to keep Equity firms from buying those 2 million homes?
Ideally, Madame Guillotine.
A fine French woman she is.
How many are vacant? Those are the first ones that need to be reallocated.
(Meaning, I'm not pro equity firm, I'm saying an occupied house is a house that is occupied. These 2mil new houses are for new occupants, not shuffled ones.)
I think the key point is ownership. If the house is owned by an equity firm, even if it's occupied it still counts as a house which could instead be owned by, well, homeowners.