3 ms·
Yeah, this grade school-level notion of supply and demand is nonsense. Not only do we not see a decrease in house prices and rent prices when new housing is de
by turquoisevar 3y ago
Yeah, this grade school-level notion of supply and demand is nonsense.
Not only do we not see a decrease in house prices and rent prices when new housing is developed, but there’s literally a higher vacancy rate than the amount of housing we’re supposedly short on.
In particular, corporate landlords have figured out that it’s better for their bottom line to keep units vacant than to lower the rent, partly due to plausible deniable collusion via RealPage et al.