Situation: Housing demand outstrips housing supply.
First order effect: housing prices go up
Second order effect: your FBI agents are now experiencing financial instability and worries
Third order effect: your FBI agents are now more susceptible to bribes
[0] https://worksinprogress.co/issue/the-housing-theory-of-every...
Everyone talks about increasing numbers of parents helping their adult children from the angle of a moral failure by the children. Why doesn’t anyone stop to wonder why so many older people have so much money in the first place?
It's also worth noting that 50% of homeless people are over 50 [1]
[1] https://www.governing.com/urban/the-nations-homeless-populat...
This wasn’t some cosmic accident. It was a result of policy choices.
But what you described is far more scary.
And this is obviously true for all jobs that hold power. Combine it with bribery that can come from actors like Russia, Qatar, or China - this is an issue that must be fixed now.
This is literally true. In SF as of 2023, there's roughly 60,000 vacant units. In New York as of 2021, apartments listed as available and unavailable for rent but also vacant was around 89,000.
To contrast, there was around 7,700 unhoused people in SF in 2023.
Edit: plus in NY you have all those HoA payments, so you pay really high price for not renting the place out
Once you consider apartments in between leases, apartments in Reno, and anything else without a certificate of occupancy, that sounds like the right amount for a hot market with low vacancies