3 ms·
Except when it doesn't. From the same article, Seattle and Oakland had supply increase 13% and 6% respectively and both saw average rents go up. Long Beach, CA
by superfrank 6mo ago
Except when it doesn't. From the same article, Seattle and Oakland had supply increase 13% and 6% respectively and both saw average rents go up. Long Beach, CA and Santa Ana, CA both had supply increase by over 10% and saw rents stay basically flat.
More supply generally will help, but it's not a silver bullet.
- littlexsparkee 6mo agoMaybe more recently it's up but Oakland has been a supply success story as prices diverged with SF starting around 2021. There's a chart past the fold that illustrates it well: https://www.sfchronicle.com/realestate/article/oakland-rent-prices-decline-19458121.php https://www.sfchronicle.com/realestate/article/oakland-rent-...