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How does this reconcile with claims of not enough housing supply to explain massive rent increases during COVID? Has supply caught up with demand already?
by vsskanth 4y ago
How does this reconcile with claims of not enough housing supply to explain massive rent increases during COVID?
Has supply caught up with demand already?
- harambae 4y agoThat explanation was always a bit suspect, since the US population did not skyrocket during COVID. Studies showed that many people with roommates did move out to be single housed during COVID (referenced on the Moody's Analytics podcast; I don't have the link handy). That's how the number of "households" went up. However, if people needed roommates for financial reasons before the pandemic then... maybe they will again?