[legitster]

> put their idle/money-burning build capacity to solving America's own real-estate shortages

I mean, we could quickly end the US real-estate shortages completely domestically if we were willing to upzone and build insane tenement-style high-rises like the Chinese are willing to do.

[forgetfreeman]

stares in roughly 16 million pre-existing vacant homes

[matteotom]

I know this is a common talking point, but what are you suggesting, specifically? Are you accounting for temporarily vacant homes due to finding new tenants? Or homes that are up for sale? Or whether people actually want to live in the places these homes exist? eg are you suggesting struggling tenants in San Francisco should move to Detroit? What about vacation homes, are you suggesting policies to make it harder to own a second home?

[forgetfreeman]

Things I'd suggest: literally any approach that doesn't divert funding to mega-developers who use the "housing crisis" narrative to drive the problems everyone's complaining about in the first place, and an excellent place to start would be dismantling the hyperconcentration of capital around a handful of major metro areas. How best to accomplish that is left as an exercise, but understand there is no housing crisis. The real crisis centers around the lack of opportunity outside of major metro areas. Folks wouldn't clump this tight if other options were available.

[zjp]

"Hey man, sorry you got priced out of New York but we've got a nice shack in the Dakotas removed from your whole social structure ready for you."

[jjav]

You joke but sometimes that is the most practical answer.

In my 20s I lived near Manhattan and my goal was to move into Manhattan. But.. it never happened. Way too expensive. I beat my head against that wall for a couple years but it became clear it was impossible.

So I moved to a (back-then) much cheaper area of California and bought a house.

[zjp]

But should incentivizing your behavior be a _policy goal_. I think not. Cities are mainly engines of wealth creation with concentrated opportunity. We should expand the supply of apartments in city centers so that they can remain so. They should not be nearly as expensive as country club suburbs. Our grandparents' grandparents understood this and made room for their children and their grandkids. We weren't so lucky with our grandparents. We can choose differently for ourselves and our children.

[jjav]

> But should incentivizing your behavior be a _policy goal_.

No. But pragmatically just like in finance "the markets can remain irrational longer than you can remain solvent", housing policy can also remain against you for decades or way more. As an individual, sometimes it's better to move and have a nice house and lead a good life than to spend a lifetime fighting policy.

[forgetfreeman]

K so what we're actually saying is everyone should be able to afford to live anywhere regardless of regional land/property values? I might actually agree with that but I'm pretty sure nobody's going to get behind building a trailer park in the Hamptons.

[zjp]

No, I wouldn't get behind it either. The median income (individual but I'd be fine with household) in an area should be enough to buy a starter home in that area. Until then, the area is underbuilt. The Bay Area pretending an apocalyptic flood of poor people will descend upon them when professionals making a (extremely sarcastic voice) _mere_ 100k stand a chance of buying is and will always be laughable.

[forgetfreeman]

So get a job delivering pizza in the Hamptons for 5 years, van life it, and retire to Appalachia a multi-millionaire? Sounds good to me.

[legitster]

The states with the most vacant homes are... Alaska, Vermont, Maine, West Virginia, and Alabama.

Not sure what you are implying. That we don't need more housing because we have enough abandoned hovels in places no one wants to live?

[muzz]

No, those are states with the highest percentage of vacant homes, not the most.

The states with the most vacant homes are Florida, California, Texas, and New York.

https://www.lendingtree.com/home/mortgage/vacancy-rates-stud...

[harambae]

The prices in Vermont and Maine recently suggest someone does want to live there.

The common thread (for the first 3 of 5) appears to be vacation destinations or 2nd houses that are often cabins.

West Virginia has a decreasing population. Alabama, I don’t know.