News for hackers. Stuff that matters.

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 juleiie on Thursday March 19, 2026 @11:07AM (#47440773)
You have no idea what you are talking about…
[ Parent | on HN ]
Re:Austin's Surge of New Housing Construction Drove Down Rents by ApolloFortyNine on Thursday March 19, 2026 @12:02PM (#47441646)
If you think you do know what you are talking about, do you think you could back it up with a source?
[ Parent | on HN ]
Re:Austin's Surge of New Housing Construction Drove Down Rents by bpt3 on Thursday March 19, 2026 @01:31PM (#47442908)
What on earth are you talking about?

You know what increased more than 3x in the last 10 years? The S&P 500 index (it went from $203.87 at the start of 2016 to $681.92 at the start of 2026). And your plot of land is a massive outlier to the upside in the US overall during that time.

Historically, undeveloped land basically tracks inflation. Obviously, there are specific plots of land that dramatically exceed that, and there are specific plots of land that don't keep up with inflation.

That's the only thing you got right: raw land is an inflation hedge.

[ Parent | on HN ]