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There will always be a shortage of below-market-rate housing by definition. If there were enough of it, it would be market rate.
by readams 11y ago
There will always be a shortage of below-market-rate housing by definition. If there were enough of it, it would be market rate.
- iofj 11y agoExcept that pretty much any measure of market-rate is likely to be biased. From the FED's estimates biased up to rental sites biased down.
- meric 11y agoBesides the market price of dwellings, there is also the variance of prices of all dwellings. You can have a shortage of below-market-rate housing by not having enough variance.