A housing crisis can be addressed by identifying and renovating 'zombie houses'—vacant, decaying properties that have been removed from the market despite contributing to a reported housing shortage. In this case, over 300,000 zombie houses exist on an island while the official housing shortage is reported at 250,000 homes, suggesting that real estate investors could solve the crisis by purchasing and renovating these properties to return them to the market.
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Fixing Old Homes Is the Key to Solving the Crisis #realestate #shorts #investing #puertoricoAdded:
We have tons of housing stock that has aged out and is no longer livable. We call them zombie houses and that's probably why you subscribed to the channel is because we go in and renovate these zombie houses and make them the nicest house on the damn block and then put them back in the market. There's over 300,000 of these houses that have been sitting there vacant and decaying for decades and so they're not even in the market. In fact, the island says that it's got a housing shortage of over 250,000 homes. But there's over 300,000 zombie homes on the island. Seems to me like some real estate investors could come in and renovate those properties and fix a housing crisis.
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