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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 Thursday March 19, 2026 @07:13AM (#47437498)
> Vacant land that's desirable is often held back from development due to zoning or infrastructure issues.

Nah, it's mostly speculation. Zoning/infrastructure issues get baked into the price. If you cannot build anything on a plot of land, its price falls.

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Re:Austin's Surge of New Housing Construction Drove Down Rents by philipallstar on Thursday March 19, 2026 @07:23AM (#47437577)
Only at point of buying. If you buy some land and the mayor suddenly implements rent control then the value goes down.
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Re:Austin's Surge of New Housing Construction Drove Down Rents by bpt3 on Thursday March 19, 2026 @01:35PM (#47442946)
Until someone gets the zoning board to wave a magic wand and change the allowable uses of the property, and then it's a lot more valuable.

This happens all the time, and is a major reason why people will sit on land for extended periods of time.

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