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There is a strong negative correlation between vacancy rates and rent, that would immediately deincentivise the new housing construction that actually leads to
by aegypti 2y ago
There is a strong negative correlation between vacancy rates and rent, that would immediately deincentivise the new housing construction that actually leads to lower rental costs.
- cyberax 2y agoExcept that new construction does NOT lead to lower rental costs. Yes, yes, supply-and-demand, market, blah blah blah. It's the simple reality: new construction that increases housing density in cities does NOT lead to lower rental costs. The best results are one-time single-digit percentage decreases in rents immediately near the new construction.