Re:Why US renters are taking corporate landlords to court
by whimsicalism on Sunday May 05, 2024 @03:21AM
(#40262951)
I agree with almost everything you’re saying but I do think short-term rentals and immigration are significant factors on the demand side.
That is the problem. Not Wall Street. Not some xenophobic "foreign buyers!". Not even short term rentals.
It's zoning and NIMBYs and on top of that now, interest rates.
The 'bogeyman' theories feel good because it means you don't have to face up to the reality of your neighors' NIMBYism. But they're wrong. It is your neighbors.