4 ms·
Second 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 the
by tmnvix 3y ago
Second 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).