The number of vacant housing units in the US (9.1% of total stock) is at it's highest since 1960 (when records began). In Ireland the number of vacant units is somewhere in the region of 15%, (according to figures from the CSO) The vacancy rate in the UK is roughly 3% of housing stock. Have we repealed the laws of supply and demand in Ireland? Or are we witnessing one of the greatest speculative asset bubbles in European history?
http://www.census.gov
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An entertaining and sometimes informative look at the market. The Sunday Times.
4 comments:
Although there are 230,000 vacant houses, they are not on the market, so they do not affect the market.
HMC
Aren't many of these vacant houses actually holiday homes up and down the west coast and elsewhere?
"Although there are 230,000 vacant houses, they are not on the market, so they do not affect the market."
"Aren't many of these vacant houses actually holiday homes up and down the west coast and elsewhere?"
Oh dear God.
230000 empty houses dont effect the market if they are holiday homes?
So...what?
People dont pay mortgages on empty properties? Or do they only pay mortgages when the houses are occupied? Is that it?
You fuckers are in for a RUDE awakening.
(QUOTE)
Oh dear God.
230000 empty houses dont effect the market if they are holiday homes?
So...what?
People dont pay mortgages on empty properties? Or do they only pay mortgages when the houses are occupied? Is that it?
You fuckers are in for a RUDE awakening.
Less than amusing
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