[arb-spreads]

Worst is an interesting framing - lowest transactions is far better.

Obviously all in housing transaction costs decreasing from nearly 10% today to something a lot more reasonable would increase liquidity and transactions. A shift towards more short term rentals is also reducing the demand for homeownership.

[subpixel]

Short term rentals do not reduce demand for homeownership. Quite the opposite, they reduce supply for home ownership.

[arb-spreads]

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]

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.

[jdksmdbtbdnmsm]

>A shift towards more short term rentals is also reducing the demand for homeownership.

Honestly what on Earth are you talking about??? Your logic is not clear at all, and if you're truly trying to claim that less people want to own houses then you need to make an argument because that is an outrageous claim.

[s1artibartfast]

Two points, demand can be specific to a price point. More people would want houses for $1 than $10 million dollars.

Short term rentals specifically drive down demand. No need for a vacation house when you can rent. They drive down supply, but presumably the same number of people what to to live in a house

[jdksmdbtbdnmsm]

>demand can be specific to a price point

This only illustrates that you don't know what demand is, in the context of economics.

[arb-spreads]

Fairly self evident. Far fewer married people, many want to live in apartments, and others enjoy renting houses for a few years at a far cheaper rate than being locked into a dwelling.

A careful glance at any of the academic research around housing corroborates this. Or, any modicum of common sense

[jdksmdbtbdnmsm]

>Fairly self evident.

Not even close

>Far fewer married people, many want to live in apartments

This has nothing to do with owning a home.

>others enjoy renting houses for a few years at a far cheaper rate than being locked into a dwelling

Source? In my 40 years on this Earth, I have not once met a single person in such a condition for more than a few years at most.

>A careful glance at any of the academic research around housing corroborates this.

Bullshit. Show me a single instance of such research. You are making some truly outrageous claims.