4 ms·
Empty apartments are also the supply needed by anyone moving into the city, so it's important to have some. My city recently went through a housing shortage and
by EnigmaFlare 3y ago
Empty apartments are also the supply needed by anyone moving into the city, so it's important to have some. My city recently went through a housing shortage and I heard of cases of about 50 people trying to rent one house.
- TulliusCicero 3y agoSomewhat high vacancy rates are good if they're 'organic' -- if they're simply the result of there being more supply than demand. When that's the case, tenants and prospective tenants have more leverage, and landlords compete for their attention. Conversely, if supply is too low, it's tenants who compete for landlord attention.