I’m new to this sub. Why is there a housing shortage when the birth rate has been declining considerably? The national news just said we need 5 million more homes to satisfy the current need. I’m genuinely curious. Thanks!
In: Economics
Corporations and Chinese investors are buying up all of the homes, paying cash in hand above list price, mostly for short-term rentals (i.e. AirBNB). Simple as that.
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