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A comment on Apartment Rents Fall as Crush of New Supply Hits Market.

Re:Apartment Rents Fall as Crush of New Supply Hits Market by warning26 on Tuesday February 28, 2023 @07:11PM (#34976858)
It's almost as if supply and demand is a real principle that exists and applies to housing. Who would have thought?

Seriously though, I find it baffling how many people are completely adamant that housing costs are completely fixed (usually by some kind of shadowy cabal of landlords), and are not subject to market forces whatsoever.

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Re:Apartment Rents Fall as Crush of New Supply Hits Market by roym6 on Tuesday February 28, 2023 @07:16PM (#34976923)
https://www.propublica.org/article/yieldstar-rent-increase-r...
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Re:Apartment Rents Fall as Crush of New Supply Hits Market by Redoubts on Tuesday February 28, 2023 @10:22PM (#34978374)
> What role RealPage’s software has played in soaring rents — which in the decade before the pandemic nearly doubled in some cities — is hard to discern. Inadequate new construction and the tight market for homebuyers have exacerbated an existing housing shortage.

K.

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Re:Apartment Rents Fall as Crush of New Supply Hits Market by warning26 on Wednesday March 01, 2023 @12:10AM (#34979007)
Yup -- I love that people always point to RealPage's existence as some sort of smoking gun that proves literally every landlord is colluding with one another.
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Re:Apartment Rents Fall as Crush of New Supply Hits Market by crooked-v on Wednesday March 01, 2023 @12:11AM (#34979013)
Also, even if it were proof that every current landlord was colluding, the easiest solution to that would be... to build a lot more housing, to severely dilute the power of current landlords.
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Re:Apartment Rents Fall as Crush of New Supply Hits Market by davidw on Tuesday February 28, 2023 @08:55PM (#34977764)
> I find it baffling

Housing Breaks People’s Brains: "Supply skepticism and shortage denialism are pushing against the actual solution to the housing crisis: building enough homes."

https://www.theatlantic.com/ideas/archive/2022/11/us-housing...

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