Re:Cities Where Job Growth Is Outpacing New Homes
by ciceryadam on Thursday September 12, 2019 @12:17PM
(#20953251)
They don't inflate demand, they inflate pricing. To buy a house you are competing with all the peope + all the companies that see it as an investment opportunity.
I mean, if there's 5 properties for rent instead of sale in the example I gave you still have the same core problem.
If 100 people need homes and you only have 50, then the people with the most money they can/want to spend on housing will get it.
It's attenuated by the willingness of people to have roommates, move in with family (if around) etc. so there can be more latent demand than is immediately present. Even if you have no homeless but a whole city is 4 rich tech workers per 3 bed apartment, there's still plenty of demand.