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

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] Truck_kun@beehaw.org 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