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Professor Stijn Van Nieuwerburgh shares insights from his research on the impact of out-of-town real estate buyers on cities

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Excerpt from BYU Radio -- "What my research points out is there is a crucial distinction between those two types of buyers: those who rent out their places - the apartment still remains available for the locals to live in, whereas those who leave their places vacant, in some sense, are literally reducing the supply of available real estate for the local residents."

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