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Strictly speaking, rents (for long term rentals) can be an indicator of a shortage of available housing, but not necessarily a shortage in the total housing sto
by tmnvix 3y ago
Strictly speaking, rents (for long term rentals) can be an indicator of a shortage of available housing, but not necessarily a shortage in the total housing stock.
- chii 3y agoWhat's the difference between > shortage of available housing and > a shortage in the total housing stock. I dont think there is any.
- spacebanana7 3y agoSocial housing, tax incentives, rent controls and ownership restrictions can cause the two to diverge.
- tmnvix 3y agoSecond homes, short term rentals, and land banked properties are not available to use as a primary residence but are part of the total housing stock. I call these underutilised properties and suspect that there are more than most suspect. Demand for purchasing these properties is not the same as demand for homes. That is what is often overlooked when people consider solutions to the accommodation crisis (i.e. usually happy to think no further than 'build more houses' without considering everything that pushes up demand).