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> The facts are genuine Yet there are other facts/statistics that show, the reason home prices are elevated (in some areas) is demand Therefore, somebody is a

• swatcoder 4y ago
  Indeed! Do you think it’s possible that there are other sources of demand for homes besides households?
  • throwaway09223 4y ago
    No, it is not possible. All demand is derived from households living in homes, regardless of whether the households are purchasing them directly or renting through an intermediary (long or short term). There are no other uses for a home. No other source of demand across the market.
    • anonymouskimmer 4y ago
      It depends on zoning. Rarely houses are used as storefronts, museums, or businesses such as psychologists and dentists offices. Other times houses are used by rich mostly-foreigners as places to stash cash. And not all of these investors care whether the house is occupied by a renter. These aren't large uses of houses, but they are some.