Somewhat related I guess…I sell advertising for our local newspaper out here in Hood River, OR, a thriving tourist town in the Columbia River Gorge. Real estate prices and rents are through the roof…just about everywhere I go, businesses owners tell me the same thing, “I don’t want to advertise because if I get any busier, I will have to hire more employees and no one can afford to live here.”
Our newspaper has an opening for a reporter…four candidates have been offered the position, but all four have turned it down because it doesn’t pay enough to afford an apartment. We have a lot of air bnb and vrbo rental property. I guess short term rentals have severely diminished the amount of long term rentals.
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