I've thought for a while that owner equivalent rent was a bad concept. I think it's more useful to think about marginal rent, i.e. the cost to house an addition

I've thought for a while that owner equivalent rent was a bad concept. I think it's more useful to think about marginal rent, i.e. the cost to house an additional person. If someone dropped into a given location from space today, how much would they have to pay to have a place to live? In some places the best available options without credit history or deposit are marginally attached dwellings like extended stay motels. In the case of rentals, the cost between a 1 bedroom and 2 bedroom apartment is substantial. For owners, there may already be a bedroom or convertible space, but if not, the cost can be in the thousands at minimum to upsize or downsize.