Megan on Nostr: npub1mmfwx…4eknq The article itself points to a supply shortage as being the ...
npub1mmfwxp0jkw6un7hf75k0p8kpemm4smau2c4m8ea2w7r7v52lhjusx4eknq (npub1mmf…eknq) The article itself points to a supply shortage as being the primary driver.
Purpose built rental (PBR) buildings in particular has been in short supply due to restrictive zoning plus tax change that made condos more attractive than PBR. Since the demand for rental never disappeared, it led to people renting condos, which tends to be a less secure form of rental.
Many solutions needed: tax change, zoning, affordable housing etc. Banning corporate owned rental isn’t one of them.
Purpose built rental (PBR) buildings in particular has been in short supply due to restrictive zoning plus tax change that made condos more attractive than PBR. Since the demand for rental never disappeared, it led to people renting condos, which tends to be a less secure form of rental.
Many solutions needed: tax change, zoning, affordable housing etc. Banning corporate owned rental isn’t one of them.