But is a really terrible motel ever cheaper than a really terrible hostel? > it would be a leap to say that new housing caused existing housing to go up in pri

But is a really terrible motel ever cheaper than a really terrible hostel? > it would be a leap to say that new housing caused existing housing to go up in price. This is the counter argument I'm considering. It really depends on the market incentives for landlords, and how that pans out. Whether an increase in shared-facility rentals result in a decrease of prices for non-shared rentals, or whether it results in equivalent numbers of non-shared rentals getting pulled out of the rental market entirely, and the remaining ones priced upward.