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So how does that translate to rental markets then for housing? Are you simply saying that more housing would be built to accomodate the new renters at a rate th

So how does that translate to rental markets then for housing? Are you simply saying that more housing would be built to accomodate the new renters at a rate they could afford?

dragonwriter 11y ago
> So how does that translate to rental markets then for housing? Fairly directly; housing usually doesn't have a monopoly supplier. > Are you simply saying that more housing would be built to accomodate the new renters at a rate they could afford? Basically, yes; rental housing competes with other real estate uses; more money chasing rental housing means more situations where those wishing to purchase (perhaps also [re]develop) real estate for that purpose can outbid other uses and/or pay the necessary development fees, etc., to do so.