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Usually the problem isn't just arbitrary restrictions or prevention of house building in the US, it's an issue of both amount of available land and how insanely
by fzeroracer 2y ago
Usually the problem isn't just arbitrary restrictions or prevention of house building in the US, it's an issue of both amount of available land and how insanely large real estate managers/developers are. For example, if you wanted to avoid renting from a Greystar-owned property it is almost impossible considering the amount of property they own. That outsized effect allows them to raise rent far higher than they would otherwise. They also have a tendency to monopolize development so there really is zero escape from their management, new buildings are immediately bought and integrated into the mass.
That's without getting into price fixing behaviors through things like RealPage. I originally moved away from Austin after my apartment had a 30% rent increase, and this was far away from the core in Austin (Cedar Park).