Post
Topic
Board Economics
Re: Are short-term rentals to blame for the lack of housing?
by
philipma1957
on 12/10/2023, 02:25:01 UTC
I think the rental price depends on the location, if we have the patience to find a cheaper house to rent then we can easily get it, I once worked in an area where the rent for a place was very expensive, but I was looking for a small road that was not far away and could get it at a very low price cheaper maybe only about 30% of the market price.


yeah I live near the jersey shore in New Jersey.  My home would rent for 3000 a week if it was closer to the beach but it is 15 minutes away from the beach and rents for 3500 a month.

Location means a lot. We are 13 miles from Belmar beach and the rent is about 70% cheaper.