Seattle is actually a good counter example showing that more supply does bring down rents: https://www.oregonlive.com/business/2019/01/apartment-rents-dropping-

Seattle is actually a good counter example showing that more supply does bring down rents: https://www.oregonlive.com/business/2019/01/apartment-rents-dropping-in-seattle-landlords-compete-for-tenants-as-market-cools.html https://www.oregonlive.com/business/2019/01/apartment-rents-...