Do college kids living with each other instead of separately create some sort of social benefit that “we” the people might want to encourage?
It reduces the demand for real estate, which lowers its price. Of course this is a pecuniary externality so the benefit to tenants is exactly counterbalanced by the harm to landlords, but given that landlords are usually much wealthier than tenants...
It reduces the demand for real estate, which lowers its price. Of course this is a pecuniary externality so the benefit to tenants is exactly counterbalanced by the harm to landlords, but given that landlords are usually much wealthier than tenants...
Yes and the social benefit is already captured by the roommates in the form of paying less rent.