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A comment on Austin's Surge of New Housing Construction Drove Down Rents. Parent comment

Re:Austin's Surge of New Housing Construction Drove Down Rents by estearum on Wednesday March 18, 2026 @11:01PM (#47434375)
How do you interpret "which compresses already-near-zero margin on real estate development" if not "the costs are already near the sale price?"
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Re:Austin's Surge of New Housing Construction Drove Down Rents by smcin on Thursday March 19, 2026 @12:03AM (#47434803)
Not all new houses sell. Some become shadow inventory, some take 5+ years to sell. If you drive around new developments you can measure the fraction.

IIRC, Mountain House (near Tracy, CA) in the 2008-2010 crash was an example of a large new development that did not initially sell and was in serious danger of going zombie, and not having the new schools that had been promised to people moving in.

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