Re:A record number of Americans can't afford rent
by jjav on Wednesday February 07, 2024 @08:12PM
(#39296593)
There isn't enough mention of AirBnB in this discussion.
There are areas where a lot of housing is being built but most of it is is siphoned off the local-resident market by investors who convert them into AirBnB rentals. So now all this housing stock exists, but only to serve tourists, and the locals can neither rent nor buy a place to live.
There are areas where a lot of housing is being built but most of it is is siphoned off the local-resident market by investors who convert them into AirBnB rentals. So now all this housing stock exists, but only to serve tourists, and the locals can neither rent nor buy a place to live.