Re:Finland's Zero Homeless Strategy: Lessons from a Success ...
by cyberax on Friday January 10, 2025 @09:44PM
(#42662813)
Honey, please leave math to experts. Go play with your crayons.
Austin population started to recover only a year ago, and prices are a trailing indicator. So the reason for the lower rent prices is not the new construction, but actual population decrease.
The same happened in San Francisco with almost no new construction, rent prices dropped by 30% following the the pandemic-caused outmigration.
Prediction for the future: the prices will catch up if/when the population starts recovering.
Austin population started to recover only a year ago, and prices are a trailing indicator. So the reason for the lower rent prices is not the new construction, but actual population decrease.
The same happened in San Francisco with almost no new construction, rent prices dropped by 30% following the the pandemic-caused outmigration.
Prediction for the future: the prices will catch up if/when the population starts recovering.