I wish I could find it, but one report on housing from UH Manoa included research on who vacated a certain number of homes sold who moved in etc. in the report summary they traced a single new home to five sales as each vacancy got filled and eventually a renter moved into ownership of an apartment.
That’s a lot of people improving their living conditions from a single new home being built. Not saying all of them have such a long chain, but I would love to see more data on this side of the story.
Informally and intuitively, that seems about right, if you think about the fact there there’s going to be some sort of near-equivalence between that and how often a typical person moves in a lifetime (divided by the number of people that live together in that space). And of course, oftentimes near the end of that chain you have new couples moving in together, potentially freeing up more than one home or apartment.
I wish I could find it, but one report on housing from UH Manoa included research on who vacated a certain number of homes sold who moved in etc. in the report summary they traced a single new home to five sales as each vacancy got filled and eventually a renter moved into ownership of an apartment.
That’s a lot of people improving their living conditions from a single new home being built. Not saying all of them have such a long chain, but I would love to see more data on this side of the story.
Ditto.
Informally and intuitively, that seems about right, if you think about the fact there there’s going to be some sort of near-equivalence between that and how often a typical person moves in a lifetime (divided by the number of people that live together in that space). And of course, oftentimes near the end of that chain you have new couples moving in together, potentially freeing up more than one home or apartment.