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If that were the case, shouldn’t supply/demand fix it? That is, available housing would get cheaper if not being utilized, right?
by Vaslo 7y ago
If that were the case, shouldn’t supply/demand fix it? That is, available housing would get cheaper if not being utilized, right?
- anoxor 7y agoUnless rent control happens and only a tiny fraction of the apartments are at market rate. If that's the case the messed up portion of the market will just keep exploding.
- takeda 7y agoWho said that those units aren't used? It's just that they cost is so high, that bigger and bigger portion of the population can't afford it anymore. It doesn't help that foreign investors also purchase the property and either don't rent it (afraid it will reduce its value) or use it for AirB&B. That causes the supply to go even lower and prices go higher.