4 ms·
Just let people build more housing so rents don't rise.
by harryh 8y ago
Just let people build more housing so rents don't rise.
- nerdponx 8y agoHousing is going up like crazy in New York, it's just not affordable.
- harryh 8y agoThat's because the city doesn't let people build enough new supply. THAT'S REALLY BAD. And it's the fault of city government, not Amazon or any other company.
- chiefalchemist 8y agoActually, my understanding is there is a fairly significant amount of housing (pretty much everywhere?) that for one reason or another is kept off the market. (Likely due to some other gov policy? Maybe?) That is, there is capacity but supply is being held back.
- harryh 8y agoYour understanding is wrong. Residential vacancy rates are tiny in most big cities. In the few exceptions (like Seattle for example) where they aren't tiny due to new supply: surprise! rents are dropping.
- chiefalchemist 8y agoLink please. But yes, of the housing available in the market, tiny. But there's plenty of housing held off the market.