If there is sufficient supply, the old place won't go back on the market for a much higher rent. What you describe is what happens when you build a handful of u

If there is sufficient supply, the old place won't go back on the market for a much higher rent. What you describe is what happens when you build a handful of units in the midst of a major shortage. Have you been following the events surrounding the problems with rising rents in San Francisco? What you're describing is what has already happened here. I cannot overstate the importance of avoiding the mistakes of SF. Refusing to build in a place people want to live in will not lower rents. It only drives gentrification, evictions, and higher rents.