As noted in other comments, we ought to look at the influence investor owners. While the housing stock per capita has remained stable over the past few decades, the proportion of investor owners has increased by quite a bit. As well, the proportion of mortagage/rent to monthly disposable income has also increased. Ok, not a direct cause …
As noted in other comments, we ought to look at the influence investor owners. While the housing stock per capita has remained stable over the past few decades, the proportion of investor owners has increased by quite a bit. As well, the proportion of mortagage/rent to monthly disposable income has also increased. Ok, not a direct cause and effect, but still a strong correlation. A few European cities have helped themselves by requiring, e.g. 20%, of housing stock to be run on non profit basis. This helps keep rates lower because the for profit guys have to compete somewhat w the not for profit sector.
As noted in other comments, we ought to look at the influence investor owners. While the housing stock per capita has remained stable over the past few decades, the proportion of investor owners has increased by quite a bit. As well, the proportion of mortagage/rent to monthly disposable income has also increased. Ok, not a direct cause and effect, but still a strong correlation. A few European cities have helped themselves by requiring, e.g. 20%, of housing stock to be run on non profit basis. This helps keep rates lower because the for profit guys have to compete somewhat w the not for profit sector.