Austin is building its way back to affordability with lots of new housing supply.
In 2020-22, rents went up 25% bc of low vacancy rates (housing scarcity creating a landlord’s market).
Now, after allowing tens of thousands of new units, rents dropped by 15% - a big win for housing affordability!
In 2020-22, rents went up 25% bc of low vacancy rates (housing scarcity creating a landlord’s market).
Now, after allowing tens of thousands of new units, rents dropped by 15% - a big win for housing affordability!
Reposted from
Open New York
Update from a city that actually builds housing:
Comments