In a market like this, efficient market theory would dictate that people bid to pay the highest rent.
This would do two things:
-make households more cost effective by pressuring renters to have an occupant in every bedroom.
-increase rental returns and thereby support construction of new supply.
After WWII, many families had a border (bachelor soldier) living with them. I don't see people prepared to do that yet. Too much of an imposition on their 'lifestyle'.....or maybe just a sign of the greater variability in life values, cultural heritage, and plain manners these days.
This would do two things:
-make households more cost effective by pressuring renters to have an occupant in every bedroom.
-increase rental returns and thereby support construction of new supply.
After WWII, many families had a border (bachelor soldier) living with them. I don't see people prepared to do that yet. Too much of an imposition on their 'lifestyle'.....or maybe just a sign of the greater variability in life values, cultural heritage, and plain manners these days.