Rents Hit Historic New High; Millions to be Evicted

You're completely missing the point and I’m not sure why other than trying to justify your investment which absolutely does impact attainable housing while working on the opposite side of it with Habitat. I linked an article up thread that you might have missed but it demonstrates a very real correlation between increased STRs and rental pricing. There are studies on it. You can’t simply say it doesn’t affect my area- that ignores logic and is simply a desire-based deterministic statement.

 

I literally said it has a minimal impact but isnt the real issue. Its right there in the post you quoted.

I said it impacts different areas differently. Also I said mine were NEVER FT rentals to start with so I literally took no housing off the market.

I can further tell you that hundreds (thousands?)of units were leveled here and were never rebuilt, that is the REAL issue. As they no doubt are waiting for the highest bidder for the valuable real estate.

Also... again... the appreciation of your home has the same trickle down effect on costs as I mentioned upthread. There is plenty of data out there.

So again to clarify. I understand it trickles down. So does improving the value of my home. So does buying a used car instead of a new one. (One less affordable car is available). Almost everything trickles down.

 

I see what you are saying however, the Biden admin did throw almost 2 trillion more on the fire while saying inflation was transitory. They are not completely without blame on this one.
That's not my OP that's the OP of many economists.
If his student loan pay out goes through it will also juice the system more.

 

Sadly 70% of our economy is based of indulgence purchases.
Perhaps we should get rid of all indulgences....