3 ms·
Weird that the article quotes from 2022, then links to a study that is 2024 and shows that rent has plummeted. Here is the first line from the Harvard study:
by psychlops 3y ago
Weird that the article quotes from 2022, then links to a study that is 2024 and shows that rent has plummeted. Here is the first line from the Harvard study:
"Rental markets are finally cooling as a decades-high volume of new supply has come online, outpacing demand. "
https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_Americas_Rental_Housing_2024.pdf https://www.jchs.harvard.edu/sites/default/files/reports/fil...
- neogodless 3y agoHere's the second line of that study: > Nevertheless, more renter households are cost burdened than ever before, and a record number of people are experiencing homelessness.
- hipadev23 3y agoSupply is high. Affordability is not. Rents have not “plummeted” either, as evidenced by the document you linked.
- paxys 3y ago"Cooling" in such contexts means rising at a less rapid rate. It doesn't mean rent is suddenly affordable.