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> I regularly check the rental rates for units in these new complexes as they come on line and I have yet to find units that I can afford. The whole point of t
by oconnore 9y ago
> I regularly check the rental rates for units in these new complexes as they come on line and I have yet to find units that I can afford.
The whole point of this article is not that new affordable units are being built, but that the construction of new high-price units causes older units to become available at lower prices. The link is indirect, because markets are indirect.
It seems like you either didn't read the article, or don't fully comprehend supply and demand.
- evanlivingston 9y agoI was trying to make the point that I personally haven't seen an increase in availability of units at a lower price.
- oconnore 9y agoTrue, it's still early. The author says this: > The more apartments stand vacant, and the longer they go unfilled, the greater the pressure on landlords to drop prices. Already, some newer apartments are offering move-in bonuses, like a months’ free rent. It’s a sign that the market is turning.