Comment on Create a race to the bottom in the rental market
TheBananaKing@lemmy.world 1 year agoPrimary sources, no - just a lot of people talking about it everywhere I go.
Certainly there seem to be vastly more dwellings than households - why do you think that is?
fine_sandy_bottom@aussie.zone 1 year ago
I don’t really know what you mean by that - vastly more dwellings than households.
Think through it logically, if you owned a house, paid for everything, why would you forego the $30k, $40k, or $50k rent? The answer is simply that you wouldn’t.
As I said, I work in this space. There’s no hidden cache of empty houses.
Aside from a few isolated cases of offshore investors it’s not really a thing.