3 ms·
Not necessarily true. Investors treating real estate as a commodity (because everyone has to live somewhere) cause prices to skyrocket. AirBnB et. al removing
by Arainach 3y ago
Not necessarily true. Investors treating real estate as a commodity (because everyone has to live somewhere) cause prices to skyrocket. AirBnB et. al removing long-term rental options to make unregulated hotels causes prices to skyrocket. Commercial landlords who would rather leave an apartment empty than drop the price cause prices to skyrocket.
I agree that urban living is still desired, but that desire is only part of the price story.
- closeparen 3y agoCommodities are mass produced and widely available at stable prices. The problem with urban housing is it's not commodity-like at all.