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A comment on Priced out of home ownership – 'It makes me want to throw up'. Parent comment

Re:Priced out of home ownership – 'It makes me want to throw... by anon291 on Monday May 27, 2024 @06:35PM (#40495418)
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.

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Re:Priced out of home ownership – 'It makes me want to throw... by NoGravitas on Tuesday May 28, 2024 @10:27AM (#40501053)
It'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-p...

* https://www.propublica.org/article/yieldstar-rent-increase-r...

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