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It does help and is helping. Here's an article published this week in Berkeley about how a modest building boom has stabilized and lowered rents in existing bui
by jeffbee 2y ago
It does help and is helping. Here's an article published this week in Berkeley about how a modest building boom has stabilized and lowered rents in existing buildings, after rents doubled in the 2010s.
https://www.berkeleyside.org/2025/05/01/berkeley-housing-rent-prices-data https://www.berkeleyside.org/2025/05/01/berkeley-housing-ren...
Note: I developed the data used in the article.
- jmyeet 2y agoIf you look at the trend for all Bay Area cities over a similar period [1], you'll see Berkeley is pretty much in line with the overall trend. Now you can argue that's because of greatly increased development, but I don't think that applies to SF (or SJ) and it doesn't match the Berkeley timeline anyway. [1]: https://www.sfchronicle.com/projects/sf-bay-area-rent-prices/?fromRichie=1 https://www.sfchronicle.com/projects/sf-bay-area-rent-prices...
- jeffbee 2y agoYeah, the specific contribution here is tracking a stable cohort of existing housing, not the entire market, to show the effect of new construction on the price of older housing.