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Accounting for inflation, rents barely moved from 2022-2024 in D.C.: https://ipropertymanagement.com/research/average-rent-by-year https://ipropertymanagement.c

by ej88 7mo ago

Accounting for inflation, rents barely moved from 2022-2024 in D.C.: https://ipropertymanagement.com/research/average-rent-by-year https://ipropertymanagement.com/research/average-rent-by-yea... I suspect most of the rent increase is due to inflation (sticker price). Nonetheless rents are still rising, which means 60k units were not enough to outweigh demand.

underlipton 7mo ago
I'm sure 3 years noted for their high inflation rates are indicative of the preceding 7 years which were not. /s
- ej88 7mo ago
  either way, it's clear they didn't build enough
  - underlipton 7mo ago
    It's not, because it's not clear that building actually lowers prices.