I think if you consider is as a percentage of all homes, the number doesnt look as insane. There’s about 133m homes and 17m are vacant according to the article which is roughly 13% of homes are empty.
I’m not sure what the average vacancy rate is in other countries is so not sure how bad 13% is but it doesnt sound as crazy as 27x.
Update:
According to this article the US does rank pretty high in vacant properties. Im actually surprised Japan is 1st.
I think if you consider is as a percentage of all homes, the number doesnt look as insane. There’s about 133m homes and 17m are vacant according to the article which is roughly 13% of homes are empty.
I’m not sure what the average vacancy rate is in other countries is so not sure how bad 13% is but it doesnt sound as crazy as 27x.
Update: According to this article the US does rank pretty high in vacant properties. Im actually surprised Japan is 1st.
https://realestatemagazine.ca/canada-ranks-11th-for-the-highest-proportion-of-empty-homes/