Why Barcelona Bought the Building That Symbolizes Its Housing Crisis

Re:Why Barcelona Bought the Building That Symbolizes Its Hou... by crooked-v on Saturday February 22, 2025 @04:44PM (#43143572)

The obvious one is Austin, Texas, where average rents have dropped signficantly from a massive wave of apartment construction. https://www.texastribune.org/2025/01/22/austin-texas-rents-f...

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Re:Why Barcelona Bought the Building That Symbolizes Its Hou... by cyberax on Saturday February 22, 2025 @05:35PM (#43143970)

Nope. Rents dropped because the _population_ in Austin dropped. It has recovered to 2019 level only the last year and is still below the peak 2020 level (stats are taken at Jan 1).

2019 - 978,763 2020 - 995,484 2021 - 964,177 2022 - 975,418 2023 - 979,882

For the same reason, the SF rents also dropped by 30% during the pandemic.

And if you look at the surrounding Travis County (in TX), the population (and prices) there grew.

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