2 ms·
>On the contrary: you've changed the housing supply in your town. Obvs every market is going to have its nuances and differences... in my area, the largest cit
by poulsbohemian 3y ago
>On the contrary: you've changed the housing supply in your town.
Obvs every market is going to have its nuances and differences... in my area, the largest city banned new STR a few years ago - and absolutely nothing changed. Ironically, the smaller city next door that didn't ban is growing and thriving on multiple levels in ways the town that banned is not. Likewise, because the county (and next county over as well, which is just a few mile away) didn't ban, all it really meant was that city that put in place a ban received less tourism tax revenue while all the other entities benefitted.
The other nuance I was trying to communicate - we had a lot of housing built during the war to support the training base. They are great little houses for a weekend visit, but they stink as permanent dwellings. This is a part of the supply / inventory problem I don't hear discussed enough. For example, if you have a ton of 4000 square foot houses ($$$$) but your buyers are all first-time / first-upgrade types ($$), you've still got an inventory problem.