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People don't buy vacation homes in generic suburb #5 which is where most people statistically want to buy homes. Vacation homes are in beautiful tourist areas.
by anon291 2y ago
People don't buy vacation homes in generic suburb #5 which is where most people statistically want to buy homes.
Vacation homes are in beautiful tourist areas. That can be a problem for local workers but I doubt this is much of a problem for most markets.
- NoGravitas 2y agoIt's not about vacation homes. It's about rentals in generic suburb #5, primarily, but it's also the case that an increasing number of rental properties are being left vacant thanks to "algorithmic collusion" being used to drive up rents: * https://www.businessinsider.com/real-estate-apartment-rent-price-setting-landlords-realpage-lawsuit-illegal-2023-11?op=1 https://www.businessinsider.com/real-estate-apartment-rent-p... * https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent https://www.propublica.org/article/yieldstar-rent-increase-r...