4 ms·
Unfortunately, idealized market theories notwithstanding, rent goes up in recessions as well as upswings and independent of vacancy rates. https://www.census.g
by TomMckenny 8y ago
Unfortunately, idealized market theories notwithstanding, rent goes up in recessions as well as upswings and independent of vacancy rates.
https://www.census.gov/housing/hvs/files/currenthvspress.pdf https://www.census.gov/housing/hvs/files/currenthvspress.pdf
- wbl 8y agoThat's because we still don't build enough. Watch as SB 50 dramatically changes rents in CA.
- TomMckenny 8y agoI hope so with all my heart. But for example, this[0] (triangular!) lot is 1.6 million. So developed or not, low rents seem unlikely even in that neighborhood. At the risk of heresy, dare I ask if real-estate markets as they currently work have failed their communities? [0] https://www.google.com/maps/@37.8134181,-122.2745241,3a,75y,333.3h,72.58t/data=!3m6!1e1!3m4!1srZEyh2MlevQi5GVwr31vAA!2e0!7i16384!8i8192 https://www.google.com/maps/@37.8134181,-122.2745241,3a,75y,...