1 in 7 American Houses Are Empty, 1 in 402 Americans Are Homeless
1 IN 402 AMERICANS ARE HOMELESS
4 EMPTY HOUSES ARE AVAILABLE FOR EACH HOMELESS PERSON.
According to a CNBC Article dated 01/31/11, Nearly 11 Percent of US Houses Empty, the amount of homes being empty have been steadily increasing. There were 18.4 million vacant homes in the U.S. in Q4 ’10 (11 percent of all housing units vacant all year round), so of the nearly 131 million housing units in this country, 112.5 million are occupied. More so now within the last year with short sales and foreclosures going on, many occupants are now moving back in with family or with friends. In addition to that, many major lenders such as Fannie and Freddie are holding on to hundreds of thousands of properties and no one knows when they will release them to the market thus increasing the number of vacant properties further.
According to the 2009 Annual Homeless Assessment Report to Congress, 650k to 800k homeless out of 305m total population in the US (2009) = .2%-.26% homeless = 1 in 500ish to 1 in 380ish americans who are homeless. So therefore, there are about 750k homeless persons for the 18.4 million houses available which is shown in the photo above of 24.5 houses per person.
“It points out a failure in our system. In an honest market, if a producer has more supply than demand, the price goes down. In our society, the product is just destroyed or kept from the consumer to artificially inflate the price of the product. In short, we overproduce.” – TempBobcat