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Our evidence from a wide range of cities is that those that build more housing have lower rent growth. Actual decreases are unusual though.
by zeroonetwothree 9mo ago
Our evidence from a wide range of cities is that those that build more housing have lower rent growth. Actual decreases are unusual though.
- mixmastamyk 9mo agoInflationary policy continues to exist, also it is rare to have a true overabundance of housing. But places like Detroit show prices can go down in the right conditions. Commercial leases have their own quirks and long timelines that encourage waiting on a better price. Perhaps a tax on vacant commercial units.
- Izikiel43 9mo ago> Detroit show prices can go down in the right conditions. Those right conditions for rent going down are the wrong conditions for everything else.
- mixmastamyk 9mo agoYes, meant to quote the word "right."