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> Its only as high as the amount of demand for _both_ of those things. What if it's in a major international tourist destination?
by 9387367 7y ago
> Its only as high as the amount of demand for _both_ of those things.
What if it's in a major international tourist destination?
- Consultant32452 7y agoIt doesn't matter. If you doubled the number of housing units in New York City you'd crash the real estate market there. It would suddenly become laughably cheap to live there. Even if they all became Airbnbs competition for tenants would drive prices for those short term rentals to basically zero. And if you don't believe it for doubling the housing units, try tripling, or 20x. Don't let me hamper your imagination.