Nicer apartments, more houses are offered as short term rentals. People's prefer... | Hacker News

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		arb-spreads on Jan 22, 2024 \| parent \| context \| favorite \| on: US home sales see worst year since 1995 Nicer apartments, more houses are offered as short term rentals. People's preferences adjust. Resulting demand curve for homeownership adjusts Homeownership is a far smaller part of the 'American Dream' relative to a few decades ago.

JoBrad on Jan 22, 2024 [–]

I don’t think this is preference as much as lack of choice. Housing has gotten so expensive that people are delaying purchasing, and renting as an alternative.

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