this post was submitted on 07 Nov 2023
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Neoliberal

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  • Austin, Phoenix and Atlanta rents drop with supply increase.
  • Apartment development has been more muted outside Sun Belt
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[–] CoffeeAddict@kbin.social 4 points 1 year ago

Once again, building more supply eases demand and lowers the cost of housing.

My only complaint is that (in the US at least) the “Sun Belt” seems to be the only area of the country building enough to supply to significantly impact demand.

It would be awesome if the US Northeast and West Coast would hop on board the YIMBY hype train, because those two regions of the country have ridiculously high housing costs.