Rising Rents Are Pushing More Tenants Past the Breaking Point

Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by lend000 on Thursday October 26, 2017 @08:35PM (#15564573)

Eh.. I saw it more as a symptom of humans breeding. Human population has always been bound by some constraint, and now it seems that shelter is more of a limiting factor than food supply, in western countries at least.

That, and a cultural shift toward wanting to live in cities, even though many of these financially struggling millennials would do just fine financially in more distant suburbs.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by ryuker16 on Thursday October 26, 2017 @08:56PM (#15564685)

It's restrictive zoning laws. Home and property owners have a zeal for politics unmatched when it comes to keeping values up.

The movement away from cities had a lot of reasons that have been solved(jobs came back, riots, red lining, less pollution, less crime) so I'd say the cultural shift was justified to return.

Commuting sucks too.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by lend000 on Friday October 27, 2017 @02:08PM (#15570815)

High density zoning is only a short term solution, and it seems with current policy enactment speed, technology (and especially building regulations), demand will always outpace supply for the foreseeable future.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by ryuker16 on Friday October 27, 2017 @07:00PM (#15572928)

Naw, take a look at nashville which was expanding insanely fast in population. Rent rose 25% in a low CoL city.

They had a housing shortage for the past few years and removed a lot of restrictions. Recently they actually overbuilt despite a shortage of skilled construction workers.

You can build hella fast when the demand is there and the government wants buildings fast. We're talking skyscrapers in 12-14 months.

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