Personal Finance

3817 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

744

Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

166 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 1 year ago

331.9 million (2021) US Population / ~142 million housing units in the United States (2021) = ~2.34 people average needed per dwelling to fully house everyone.

According to Statista: " The average American household consisted of 2.5 people in 2022. "

If people did not need vacation homes, and investment property... We appear to have enough housing for everyone already.

I'm working under the assumption hotels/motels are not included.. there should be plenty of those to house people on vacation, and leaves plenty of room for the ultra wealthy to still have their vacation homes.

Sources: Statista, US Census, Google