Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
I mean every city is different. In the case of San Francisco, it could be that city is shrinking and that is driving down prices. However, in the case of the Texan cities, which are all growing, the decrease in rents is indeed due to flooding the market with new housing units:
Though the price housing has gone up considerably which is slowing down construction, which might bring up the rents again. However, this still shows that building new housing units in mass does bring down prices.
I mean every city is different. In the case of San Francisco, it could be that city is shrinking and that is driving down prices. However, in the case of the Texan cities, which are all growing, the decrease in rents is indeed due to flooding the market with new housing units:
https://www.austinmonitor.com/stories/2024/02/austin-apartments-boomed-and-rents-went-down-now-some-builders-are-dismantling-the-cranes/
Though the price housing has gone up considerably which is slowing down construction, which might bring up the rents again. However, this still shows that building new housing units in mass does bring down prices.