I don’t think they will only build when rents are on average at least flat Austin for example has seen enough building for rents to fall and it hasn’t totally dried up, though it may slow down some in those cases I think it takes both supply and careful rent regulation to fully tackle the problem - ThreadSky

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mocomikee.bsky.social • 26 days ago

I don’t think they will only build when rents are on average at least flat Austin for example has seen enough building for rents to fall and it hasn’t totally dried up, though it may slow down some in those cases
I think it takes both supply and careful rent regulation to fully tackle the problem

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nirgalm25.bsky.social•26 days ago

Right, so in this narrative about what's going on, if prices stabilize and construction dries up soon it's because rent did get to the new market clearing level given the demand and cost of supply.

nirgalm25.bsky.social•26 days ago

If a city, even Austin, expects to change the cost of supply through policy but wants to protect current renters now while those changes go into effect, what's the argument against stabilizing rent? We already know that developers will keep developing even as rents fall.

nirgalm25.bsky.social•26 days ago

Basically you think the developers are lying and I'm inclined to agree.

Still, given how expensive Austin is, it seems pretty clear that it will take government planning to make housing affordable.

nirgalm25.bsky.social•26 days ago

I haven't seen yimby discourse push many people in that direction, it seems just as likely that people end up using yimby reasons to oppose or water down rent control and it doesn't make sense to me

mocomikee.bsky.social•26 days ago

Not to mention subsidized and social housing alongside market rate housing, which is great, and meets the needs of many, but not of everyone

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