>>513689858
there is literally nothing else to it than supply
the "there are empty homes" is leftie bullshit. they are in rural areas.
look man, since its apparently so hard to understand the problem, consider this thought exercise:
imagine a city with very expensive housing, in the US i think it would be NY or San Francisco idk. and consider the following: everyone who wants a home and can pay the price, already has one. this is proven by the fact that there's no wait list: if you can pay the price they want, you get one on the spot. there are also no empty homes that are in good shape and can't be rented, obviously, since anyone can post one on the internet and get a bunch of calls from people who want to rent it. therefore, there are as many homes as people who are able and willing to rent one for the market price, it's 1:1.
now imagine that, somehow, 500,000 of those homes/apartments were destroyed overnight. what would happen? other than lost money to the landlords, the tenants should be ok, as they could just look for another on the internet, since they can afford rent in that area, right? except, there would now be 500,000 more people willing to rent than there would be homes. what do you think would happen then, with this new competition for less homes? would it eventually even out, and if so how?
imagine the opposite situation too. 500,000 new homes for rent overnight. but no one would want to rent them at the current price, as supply and demand are already 1 to 1. what would the owners do? how would they find tenants for them?