Analysts think we’re about 4.5 million homes short of what we would need to a well-functioning housing market. I’m not sure exactly how they’re defining that.
I would assume that figure takes into account not just how many homeless there are, but renters and home prices vs wages as well. There isn’t a single county in the US where a worker with the average annual wage can afford to buy a house at the average price range in that area, for example.
Analysts think we’re about 4.5 million homes short of what we would need to a well-functioning housing market. I’m not sure exactly how they’re defining that.
I would assume that figure takes into account not just how many homeless there are, but renters and home prices vs wages as well. There isn’t a single county in the US where a worker with the average annual wage can afford to buy a house at the average price range in that area, for example.