Re:Small cities in America’s Mountain West are booming
by bumby on Tuesday April 20, 2021 @03:33PM
(#26880219)
Maybe we’re too focused on the word “home” rather than “real estate”. That lot you built your vacant vacation home on could be someone else’s primary residence lot. As the saying goes, “they aren’t making any more land” so there is at least a theoretical supply constraint within city limits.
Re:Small cities in America’s Mountain West are booming
by AnimalMuppet on Tuesday April 20, 2021 @04:09PM
(#26880839)
True. Many vacation homes are not within city limits, though.
You may say that it could have increased someone else's stock of housing. And that's true. But if I built it as a vacation home, then if it wasn't going to be used as my vacation home, I wouldn't have built it, so it wouldn't have increased anyone else's supply of housing anyway.