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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] saltnotsugar@lemm.ee 12 points 11 months ago (1 children)

It’s gotten out of control. I would say one in ten houses in my neighborhood are airBNBs.

[–] Cheers@sh.itjust.works 7 points 11 months ago

It's disgusting because airbnbs in my area can have 50% occupancy and do better than a long term, meaning for about 180 days of the year that housing is just artificially decreased supply.

$200/night * 15 days = $3k/mo