>> critics argue that it reduces the supply of rental apartments and creates housing shortages
I don’t follow the logic. It doesn’t destroy the property or take it out of supply, it just means someone might not purchase it specifically to rent it out. Which in turn means less demand buying houses overall, which means more opportunities for people to buy (if they want?)
I don’t follow the logic. It doesn’t destroy the property or take it out of supply, it just means someone might not purchase it specifically to rent it out. Which in turn means less demand buying houses overall, which means more opportunities for people to buy (if they want?)