3 ms·
The point is that high rents are caused by an imbalance of supply and demand.
by davidw 2y ago
The point is that high rents are caused by an imbalance of supply and demand.
- 6510 2y agoYou can ask as much as people are able to pay. You need a very large abundance for prices to drop and then they drop like a brick.
- davidw 2y agoRents are going down in places that have built more, lead by Austin, TX: https://www.threads.net/@davidnwelton/post/C_T1ADRyAMi?xmt=AQGzCQrD_rF7H-u4xnxuGdpMztcebb60ixcA9rHECcLxUA https://www.threads.net/@davidnwelton/post/C_T1ADRyAMi?xmt=A... Markets are competitive, even with RealPage, so you can't really just "ask as much as people will pay", just like you can't at the grocery store either.