3 ms·

Clickbait antidote: “For every 10% increase in the housing stock, rents decrease 1% and sales prices also decrease within 500 feet.”

• el_nahual 4y ago
  I was under the impression that the submission title had to match the title of the linked page/paper. Agree this is a much more relevant summary/title.
  • raldi 4y ago
    From the guidelines: > please use the original title, unless it is misleading or linkbait I think it would be in keeping with that to change the title to, “New Housing Units in Your Backyard Lower Your Rent”, though I don’t mean to bite your head off for using the verbatim one.
• teruakohatu 4y ago
  Agreed, the title is very deceptive. From the abstract: > There is a growing debate about whether new housing units increase rents for immediately surrounding apartments... I provide event study evidence that within 500 ft, for every 10% increase in the housing stock, rents decrease by 1%; and for every 10% increase in the condo stock, condo sales prices decrease by 0.9%. In addition, I show that new high-rises attract new restaurant ... If a city added 10% more housing, it would be extremely surprising to see rents only decrease 1% assuming no other micro or macro economics changes. It is not very surprising that a new condo building next door only slightly decreases the rent of neighbors since people are usually willing to rent anywhere in a general area and not constrained to a specific 7 hectare area (500ft radius circle). Hopefully dang can change the title to the original "Do new housing units in your backyard raise your rents?"
  • raldi 4y ago
    That's what it had been. Dan changed it from that to the current de-linkbaited version.