California has one of the lowest vacancy rates in the country, but still has more empty homes than nearly every other state. Here's how many homes sit vacant.
Yeah it’s also unclear where they rank all the vacation homes running the entire coast. SD here and obviously all the homes directly on the water are “vacant” because they are basically hotels. They’ve also been that way since the 60s and are not part of the bnb boom. It’s not realistic that they’d be converting those to affordable housing or something so they’re not exactly available inventory for a normal family. Without them the tourism industry would be nonexistent and that’s a major part of our cities income and drives most of the restaurant and rental businesses that are all small local businesses. Even if you did manage to fill them all with families that could never afford them, they would not be out spending money every day like tourists do.
Yeah it’s also unclear where they rank all the vacation homes running the entire coast. SD here and obviously all the homes directly on the water are “vacant” because they are basically hotels. They’ve also been that way since the 60s and are not part of the bnb boom. It’s not realistic that they’d be converting those to affordable housing or something so they’re not exactly available inventory for a normal family. Without them the tourism industry would be nonexistent and that’s a major part of our cities income and drives most of the restaurant and rental businesses that are all small local businesses. Even if you did manage to fill them all with families that could never afford them, they would not be out spending money every day like tourists do.
They do mention vacation homes. But the way they throw around all of these various terms is confusing and sloppy.
I was legit curious about this article, but even with them including actual data, it’s still not clear or easy to draw any conclusions.