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Homes "unaffordable" in 99% of nation for average American
(www.cbsnews.com)
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this post was submitted on 01 Oct 2023
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It’s gotten out of control. I would say one in ten houses in my neighborhood are airBNBs.
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