Re:Austin's Surge of New Housing Construction Drove Down Rents
by jjav on Thursday March 19, 2026 @04:34AM
(#47436465)
> That means there’s an invisible hand keeping prices up
Construction labor is quite expensive and so are the raw materials (and going up). Means there is a hard lower bound on cost and unfortunately it's not that cheap even if they built at zero profit (which nobody will).
Construction labor is quite expensive and so are the raw materials (and going up). Means there is a hard lower bound on cost and unfortunately it's not that cheap even if they built at zero profit (which nobody will).