Renting can be a solution for people who aren’t ready for or don’t want home ownership, but the issue arises when boomers hoard properties for the rental income so people who want houses can’t buy them.
Its not a “boomer” issue. Its a rich vs poor issue. The most common age group of people buying up tons of property in order to make it short term rentals are 30-40. Maybe 50. But certainly not over 50.
The short term rentals are especially evil because they take good starter housing stock off the market, reduce long term rental availability, and basically strangle every local economy that they exist in.
Apartments and normal long term rentals are largely owned by corporations at this point also. Not by boomers. Few people rent from an actual person anymore, unless its an airbnb
Its not a “boomer” issue. Its a rich vs poor issue
This, real estate is a form of wealth, and as the distribution of wealth becomes more one sided housing is naturally going to follow it as long as the law enables it to be used as an investment.
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Renting can be a solution for people who aren’t ready for or don’t want home ownership, but the issue arises when boomers hoard properties for the rental income so people who want houses can’t buy them.
Its not a “boomer” issue. Its a rich vs poor issue. The most common age group of people buying up tons of property in order to make it short term rentals are 30-40. Maybe 50. But certainly not over 50.
The short term rentals are especially evil because they take good starter housing stock off the market, reduce long term rental availability, and basically strangle every local economy that they exist in.
Apartments and normal long term rentals are largely owned by corporations at this point also. Not by boomers. Few people rent from an actual person anymore, unless its an airbnb
This, real estate is a form of wealth, and as the distribution of wealth becomes more one sided housing is naturally going to follow it as long as the law enables it to be used as an investment.
People that see nothing wrong with renting properties, will do this shit as well.
https://www.zillow.com/homedetails/1421-T-St-Sacramento-CA-95811/25788682_zpid/