This is why you can't afford to buy a house

Investors have gobbled up housing at a blistering pace — and they're not letting anyone in

The new housing crisis.
(Image credit: Ikon Images / Alamy Stock Photo)

Americans are desperate for more affordable housing. Yet 1.4 million residential properties were vacant as of 2017's third quarter. Even more telling: 75 percent of those vacancies weren't owned by a former occupant, but by an investor.

Welcome to America's new housing crisis.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us