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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 KellyCriterion on Thursday March 19, 2026 @06:52AM (#47437341)
No, it is inelastic:

- inelastic means the demand is more or less independet of the price; you can't "just stop renting & living" if prices are going up, your options to bypass are highly limited -> therefore its called >inelastic<

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Re:Austin's Surge of New Housing Construction Drove Down Rents by Sankozi on Thursday March 19, 2026 @07:56AM (#47437837)
You can "just stop renting" and move somewhere else.

Housing demand is less elastic than, let's say, potato demand, but it's not "absolutely inelastic" as you have said.

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Re:Austin's Surge of New Housing Construction Drove Down Rents by AlexandrB on Thursday March 19, 2026 @08:20AM (#47438100)
Good transit and road infrastructure also both make demand more elastic because the choice of where you can live without changing jobs expands.
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Re:Austin's Surge of New Housing Construction Drove Down Rents by KellyCriterion on Thursday March 19, 2026 @11:00AM (#47440646)
In MBA101-bobos world this is true in theroy, in practice its not. (let me guess: You do not have children, yet, right?)

Thats always the biggest difference:

In theory, there is no difference between practive and theory - but in practice, there is ;-)

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