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Comment on Why is the price of real estate rising so dramatically?

Yes, people from cities moving to rural towns does impact housing prices which should be a net benefit for the town as it bring in income from outside. It could be a negative when the volume of outsiders is high enough to displace long term residents, but in a vacuum people moving into an area that isn’t overpopulated already should be a good thing.

Now outsiders moving in, then buying up homes to make into BnBs, plus companies buying up homes combined is probably going to cause problems for existing residents and maybe that is what people are pushing back on. Being one parr of a larger problem that wouldn’t be a problem if only their part was happening.

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Asafum@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

Yes, people from cities moving to rural towns does impact housing prices which should be a net benefit for the town as it bring in income from outside. It could be a negative when the volume of outsiders is high enough to displace long term residents, but in a vacuum people moving into an area that isn’t overpopulated already should be a good thing.

It’s absolutely a negative for those in the area. I’m literally priced out of the entirety of long Island now. There is literally nowhere I can afford that isn’t in an uninsurable flood zone and I’m too “worthless” to move. Anywhere with work for someone like me is just a shithole city so I just move from renting to renting in a worse environment. :/

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- spankmonkey@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  TIL Long Island is a rural town.
  
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  - Asafum@feddit.nl ⁨3⁩ ⁨weeks⁩ ago
    The east end actually is considered rural, at least according to ups/postal deliveries lol
    
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