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Don’t let the facts get in the way of a good story

In 2022 the Arizona Department of Housing has estimated Arizona was facing a housing shortage of 270,000 units. Since releasing the report, various news reporting agencies have reported the number numerous times. Tom Ruff, housing market commentator with ARMLS googled 270,000 housing shortage and this is what he found with Google postings in the last 6 months using housing and 270,000 as keywords:

 

Arizona: 270,000

Sweeping bill to address Arizona’s housing crisis shot down

Mar 14, 2023 — Arizona’s housing supply is woefully inadequate for the population’s needs, with a shortage of around 270,000 homes, according to the …

 

Ohio: 270,000

Report: 29 percent of extremely low-income renters in …

Apr 7, 2023 — COLUMBUS, Ohio (WSYX) — A new housing report states that fewer than 30 … The Gap Report indicated a 270,000-home deficit across the state.

 

Canada: 270,000

Canada Housing Market Forecast: Will Prices Drop in 2023?

We estimate that at least 270,000 units must be built per year by 2025, but it’s unclear whether the construction industry has the capacity to do so in the face …

 

Homeowners that purchased in 2022 underwater: 270,000

270000 homebuyers who bought in 2022 are underwater …

Dec 6, 2022 — About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis …

 

Pakistan: 270,000

Housing in Pakistan

Housing in Pakistan generally consists of three classes: pakka houses , which … is expected to grow due to a shortfall of 270,000 housing units per year.

 

Turkey: 270,000

Turkey plans to Build at least 270000 Homes after the …

Feb 22, 2023 — Turkey plans to Build at least 270,000 Homes after the Earthquakes …

 

England: 270,000

How the private rental sector created a homelessness …

Mar 29, 2023 — Recorded homelessness in 2023 stands at 270,000 people, although….

 

Homeless high school in California: 270,000

New bill would give homeless high school seniors …

Mar 10, 2023 — There are an estimated 270,000 homeless youths across the state —about 15,000 of whom are high school seniors, according to a 2020 report …

 

Australia: 270,000

270000 Australians helped by homelessness services in …

Dec 8, 2022 — More than 270,000 Australians who were homeless, or at risk of homelessness, were helped by government-funded specialist homelessness …

 

In case of doubt, 270,000 sounds like a good number,,,,with Arizona it was found the number is closer to 75,000.  Don’t let the facts get in the way of a good story.

Robin Walton

Verdes Lifestyle Team HomeSmart Lifestyles 12625 N Saguaro Blvd. #116 Fountain Hills, AZ 85268

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