4 ms·
In the end, demand for "housing" seems pretty inelastic. I would think this would push a lot of would be home-buyers back onto the rental market, where landlord
by deathanatos 4y ago
In the end, demand for "housing" seems pretty inelastic. I would think this would push a lot of would be home-buyers back onto the rental market, where landlords will capture the slack/gains.
… case in point, my apartment's rent is going up 10-80% YoY, depending on lease.
- whimsicalism 4y agoElasticity of demand is irrelevant. this shifts the entire curve Also, demand for housing at a particular price, size, and location is not inelastic.