return2ozma@lemmy.world to News@lemmy.world · 4 months agoRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comexternal-linkmessage-square145fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comreturn2ozma@lemmy.world to News@lemmy.world · 4 months agomessage-square145fedilink
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0·4 months agoThat would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached It’s a short term fix that eventually loses to market forces
minus-squareNaboo_calls_for_aid@sopuli.xyzlinkfedilinkarrow-up0·4 months agoEven if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.
That would increase hotel prices, making hotel owners purchase more land and build hotels until the equilibrium price is reached
It’s a short term fix that eventually loses to market forces
Even if it ends in more hotels, hotels fit more people and supply more jobs than the equivalent space in houses. For temporary lodging houses don’t make sense.