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AirB&Bs and the Housing Market

This image is from a Twitter… uh, X-Twi… a TwiX post by one Amy Nixon, @texasrunnerDFW. (It’s not the property of TNFN; the laws appear unclear on who exactly owns it. But if Amy objects, we’ll take it down as a matter of simple courtesy.) It shows a startling disparity in Austin, Texas between homes available for sale and AirB&Bs for rent: 3329 homes for sale, 12,127 AriB&Bs for rent.

You’d think this means people should sell the AirB&Bs or something, and that they’re either greedy or stupid.

But after a little research and analysis, this just tells me that Austin needs more houses. Which it won’t get.

No, don’t hate me yet. Read first.

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Why Gas Is Cheap (Hint: It’s Bad News)

Some of my olde– uh… more experienced readers may remember when gasoline first topped one dollar a gallon at the pumps.  If you’re finding it tough to put a date to the event, here’s some hints:  Jimmy Carter was President, there were hostages in Iran (which was about to be at war with Iraq), and America was in the grip of an energy crisis. (more…)