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Broadly, yes, for the same reasons that destroying housing (as happened in Santa Rosa) increases competition for existing apartments and increases rents. Here's

Broadly, yes, for the same reasons that destroying housing (as happened in Santa Rosa) increases competition for existing apartments and increases rents. Here's a report from the state LAO about the effects of building more housing on displacement: http://www.lao.ca.gov/Publications/Report/3345 http://www.lao.ca.gov/Publications/Report/3345 In 2016 SF built 5,000 units, a record, and rents and owner move-in evictions both fell for the first time in a while. (They are not going to repeat that production in 2017 or 2018, in large part due to Prop C). Across all 50 states, areas where population growth exceeded housing supply growth saw price increases: https://twitter.com/lenkiefer/status/871785655164182529 https://twitter.com/lenkiefer/status/871785655164182529 Austin, Houston, and Dallas don't have very restrictive zoning or rules around new home construction, and they lap California in home building and have seen rents hardly rise at all.

cat199 9y ago
> Austin, Houston, and Dallas don't have very restrictive zoning or rules around new home construction, and they lap California in home building and have seen rents hardly rise at all not exactly true.. in htx new construction is all luxury, and many people are moving in from out of state; those that can afford it and want to can go to the luxury units and those have had price 'reductions' (from overpriced initial prices) but the 'regular' apts have seen rents rise quite a bit because the newcomers have squeezed the existing people into more competition for the cheaper units.. i posit that subsequently the emptier, overprovisioned high end buildings will start to fail, and become a glut of relatively high price condos, which will then cause the regular housing prices to go up..
- kevinburke 9y ago
  Are new cars on average more “luxury” than used cars? If for some reason we didn’t produce any new cars, would the price of used cars rise or fall?

cat199 9y ago

> Austin, Houston, and Dallas don't have very restrictive zoning or rules around new home construction, and they lap California in home building and have seen rents hardly rise at all not exactly true.. in htx new construction is all luxury, and many people are moving in from out of state; those that can afford it and want to can go to the luxury units and those have had price 'reductions' (from overpriced initial prices) but the 'regular' apts have seen rents rise quite a bit because the newcomers have squeezed the existing people into more competition for the cheaper units.. i posit that subsequently the emptier, overprovisioned high end buildings will start to fail, and become a glut of relatively high price condos, which will then cause the regular housing prices to go up..

kevinburke 9y ago
Are new cars on average more “luxury” than used cars? If for some reason we didn’t produce any new cars, would the price of used cars rise or fall?