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No idea why you are being downvoted. Supply and demand, this is Economics 101. I have made the same arguments about SF and people downvote me too. The #1 way to
by seibelj 11y ago
No idea why you are being downvoted. Supply and demand, this is Economics 101. I have made the same arguments about SF and people downvote me too. The #1 way to decrease rent is to build more supply. If there was double the apartments in SF, the rent would not be as high.
- branchless 11y agoMany European countries had big supply pre 2008 and prices continued to rise. China has huge oversupply and yet prices have risen. It's loose credit. It's the banks.
- Jtsummers 11y agoI'm not familiar with European real estate, but I have to ask: Where within these countries are prices rising? Is it universal or is it constrained to popular, low-unit count areas (like is generally the case in the US)?
- maxsilver 11y ago> No idea why you are being downvoted. Perhaps because the parent poster is wrong. Seattle rents did not decrease this year, or last year. The rate at which rent is increasing has slowed (previously double-digit percentage increases have dropped to single-digit percentage increases). But actual rents have not fallen. Seattle rents continue to grow each year, just at a slightly slower pace than before. http://www.bizjournals.com/seattle/blog/2015/11/bad-timingas-thousands-of-new-apartments-open.html http://www.bizjournals.com/seattle/blog/2015/11/bad-timingas... (This is not an argument against building new housing, I also believe we need more of that. But the issue is far more complicated than simply "supply and demand, economics 101")
- eli_gottlieb 11y ago>Perhaps because the parent poster is wrong. Seattle rents did not decrease this year, or last year. Ah! Then someone really should have just told me instead of downvoting!