4 ms·

This is a very reductionist look at rents. There are more factors at play, the most important of which is the vacancy rate. https://smcorridornews.com/steady-a

This is a very reductionist look at rents. There are more factors at play, the most important of which is the vacancy rate. https://smcorridornews.com/steady-as-she-goes-texas-apartment-markets-recovering/ https://smcorridornews.com/steady-as-she-goes-texas-apartmen... San Francisco: https://twitter.com/AlecStapp/status/1331832907003015168 https://twitter.com/AlecStapp/status/1331832907003015168 Blackstone: "We believe we will continue to experience below-average levels of new housing supply in our markets which will support future rental rate growth and home price appreciation." https://twitter.com/AlexFischCC/status/1402770234730160132 https://twitter.com/AlexFischCC/status/1402770234730160132 Does putting more money into people's pockets make rents increase? All else equal, this does occur in the short-term. In the long-term, housing developers want to build more housing to get a cut, which increases the supply of housing and slows rent growth. This hasn't been happening because of segregation-era zoning laws which outlaws denser housing in areas where they are needed.

sooheon 5y ago
Absolutely. Outdated zoning laws are public enemy #2 for livable cities, just a hair after outdated tax laws. The root of both issues is misalignment of incentives.
Supermancho 5y ago
> This is a very reductionist look at rents. The fact that there is a belief "the invisible hand" will lower it back down, is separate from the increase due to the general welfare (stimulus). Availability/a market supply increase, is another factor for pricing, not part of the same change. Less so, since it simultaneously exists only in the mythical future. > All goes back to the land, and the land owner is able to absorb to himself a share of almost every public and every private benefit Seems like an accurate look to me.

sooheon 5y ago

Absolutely. Outdated zoning laws are public enemy #2 for livable cities, just a hair after outdated tax laws. The root of both issues is misalignment of incentives.

Supermancho 5y ago

> This is a very reductionist look at rents. The fact that there is a belief "the invisible hand" will lower it back down, is separate from the increase due to the general welfare (stimulus). Availability/a market supply increase, is another factor for pricing, not part of the same change. Less so, since it simultaneously exists only in the mythical future. > All goes back to the land, and the land owner is able to absorb to himself a share of almost every public and every private benefit Seems like an accurate look to me.