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Nicer apartments, more houses are offered as short term rentals. People's preferences adjust. Resulting demand curve for homeownership adjusts Homeownership is
by arb-spreads 3y ago
Nicer apartments, more houses are offered as short term rentals. People's preferences adjust. Resulting demand curve for homeownership adjusts
Homeownership is a far smaller part of the 'American Dream' relative to a few decades ago.
- JoBrad 3y agoI don’t think this is preference as much as lack of choice. Housing has gotten so expensive that people are delaying purchasing, and renting as an alternative.