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Short term rentals do not reduce demand for homeownership. Quite the opposite, they reduce supply for home ownership.
by subpixel 3y ago
Short term rentals do not reduce demand for homeownership. Quite the opposite, they reduce supply for home ownership.
- arb-spreads 3y agoNicer apartments, more houses are offered as short term rentals. People's preferences adjust. Resulting demand curve for homeownership adjusts Homeownership is a far smaller part of the 'American Dream' relative to a few decades ago.
- JoBrad 3y agoI don’t think this is preference as much as lack of choice. Housing has gotten so expensive that people are delaying purchasing, and renting as an alternative.