3 ms·
My viewpoint is that there is not enough evidence to support what you are saying. Also "your neighborhood" isn't the same thing as an entire city so you can't
by j_walter 4y ago
My viewpoint is that there is not enough evidence to support what you are saying. Also "your neighborhood" isn't the same thing as an entire city so you can't extrapolate a single small data point into a city wide theory.
I didn't see any of your data to show 16% increases of pre/post COVID...and the article is talking about SF which is 12% YoY.
Landlords absolutely charge market rate...which includes baseline costs for running rentals and they had much higher than normal non-payment over the last 2 years which means their costs are up, therefore rents are up.
I see no data to support your "thousands more rental units now"...in Portland they saw supply shrink over the past few years, and that was pre-COVID. With the recent increase in home values and 24+ months of potential non-payment a lot of small time landlords opted to sell (and we have a shit ton of people from California moving up here). https://assets.noviams.com/novi-file-uploads/mfnw/Files/article/Portland_Metro-Detached_Housing_Rental_Stock_Analysis-Updated_Report-3-25-22__002_.pdf https://assets.noviams.com/novi-file-uploads/mfnw/Files/arti...