6 years ago
2
There Are 2 Vacant Investor-Owned Homes for Every Homeless Person in America
The difference between the greed of the wealthy and the precariousness of American workers is painfully stark when looking at vacant homes. 2016 figures from ATTOM Data Solutions — which publishes comprehensive housing data — show that wealthy investors are buying up more and more real estate as a moneymaking venture while housing prices and homelessness continue to skyrocket across America.
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Hey, I have a solution! Let’s have the government seize the unused homes and give them all to the homeless. Problem solved!
There are obviously no potential negative consequences of doing that.
Not so fast. There's clearly something very wrong with those homes if so many people would rather not have them. Not everyone sleeping rough even wants a home.