Home › Forums › Housing › NOD’s › Foreclosed houses get taken
Foreclosed houses get taken over by the bank. The bank won’t rent them out and may not be able to sell them. These sit empty, unavailable to rent.
I’m wondering if the number of empty homes will have an significant effect on supply. My intuition says “no” but it’s a thought.
Your assumption of 1/3 seems high to me – how did you come up with that?
It’d be nice to know how many SFRs are there in SD and what % are rented out.
