3 ms·

Thank you econ 101 student, but I understand it fine. > It is a competitive market given the number of independent landlords and given their inability to coord

Thank you econ 101 student, but I understand it fine. > It is a competitive market given the number of independent landlords and given their inability to coordinate in order to effect collusion. Oops, they did collude. https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing https://www.ftc.gov/business-guidance/blog/2024/03/price-fix... > rents actually decreased. This link says rent inflation decreased, which just means inflation was lower. This is also just a graph and some numbers, so I'm not really sure why you linked it. It doesn't explain anything by itself. > which is that it leads to more housing starts which addresses the shortage issue We had 15 years of the cheapest money in the history of modern economics, why do we still have a shortage?

hackerlight 2y ago
Negative rent inflation in 2020 means rents decreased in 2020. I explained already why it's relevant. Rents went down when credit was the cheapest (refuting your hypothesis) and when net migration was the lowest (confirming my hypothesis that it's shortage related). Then rents skyrocketed post-2022 when credit was expensive (refuting your hypothesis, again) and when net migration was at an all time high relative to housing starts (confirming my hypothesis, again). You have no data that backs your hypothesis and you remain obstinate in the face of data that refutes it. "We had 15 years of the cheapest money in the history of modern economics, why do we still have a shortage?" Zoning regulations that prevent housing near cities. We also didn't have as bad of a shortage 4 years ago, the rental crisis got a lot worse post-2022 everywhere in the West as the net migration backlog from covid was processed and housing starts failed to keep up.

3 ms·

Thank you econ 101 student, but I understand it fine. > It is a competitive market given the number of independent landlords and given their inability to coord

by arrosenberg 2y ago

hackerlight 2y ago
Negative rent inflation in 2020 means rents decreased in 2020. I explained already why it's relevant. Rents went down when credit was the cheapest (refuting your hypothesis) and when net migration was the lowest (confirming my hypothesis that it's shortage related). Then rents skyrocketed post-2022 when credit was expensive (refuting your hypothesis, again) and when net migration was at an all time high relative to housing starts (confirming my hypothesis, again). You have no data that backs your hypothesis and you remain obstinate in the face of data that refutes it. "We had 15 years of the cheapest money in the history of modern economics, why do we still have a shortage?" Zoning regulations that prevent housing near cities. We also didn't have as bad of a shortage 4 years ago, the rental crisis got a lot worse post-2022 everywhere in the West as the net migration backlog from covid was processed and housing starts failed to keep up.