EverRespect
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RE: Norfolk Buys Military Circle Mall
(01-08-2021 10:50 AM)ODUDrunkard13 Wrote: Norfolk isn’t shrinking. It has built a ton and still has a housing shortage. But keep on using old information. It’s really helpful to the conversation.
The population of Norfolk is shrinking. So as it is building a ton, mostly urban, its suburbs continue to be gutted and more people are moving out than in. And yes, there is a housing shortage, which was my underlying point, there is almost nowhere for a middle income single family to live. Meanwhile, there is an overage of vacant, blight, and very low income housing. Vacancy rates in Norfolk are over 20% higher the state average and over 15% higher than the national average. The housing shortage is in rural and suburban residential.
(This post was last modified: 01-08-2021 11:40 AM by EverRespect.)
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01-08-2021 11:38 AM |
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