Blaze to Personal Finance@lemmy.mlEnglish · 11 months agoHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comexternal-linkmessage-square160fedilinkarrow-up1781arrow-down111cross-posted to: finance@beehaw.org
arrow-up1770arrow-down1external-linkHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comBlaze to Personal Finance@lemmy.mlEnglish · 11 months agomessage-square160fedilinkcross-posted to: finance@beehaw.org
minus-squareCheers@sh.itjust.workslinkfedilinkEnglisharrow-up7·11 months agoIt’s disgusting because airbnbs in my area can have 50% occupancy and do better than a long term, meaning for about 180 days of the year that housing is just artificially decreased supply. $200/night * 15 days = $3k/mo
It’s disgusting because airbnbs in my area can have 50% occupancy and do better than a long term, meaning for about 180 days of the year that housing is just artificially decreased supply.
$200/night * 15 days = $3k/mo