Can’t afford to live in Boston? Apartment rental APPS may be driving up prices.
More and more investors are buying up Boston condos for the purpose of using them as Airbnb, which is driving up long-term rentals for Boston residents.
A few highlights from the video below:
- Airbnb is growing at a rate of 24% a year
- By 2019 Boston long-term rental rents will increase as much as 5% as the availability of long-term rentals decrease.
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