Alec Stapp: Solve your housing affordability crisis with this one weird trick

Solve your housing affordability crisis with this one weird trick

But I've been assured that's not how it works!!

new apts only raise prices, NIMBYs keep saying

this is almost 10 months old, though

hey man what are the rates on those apartments

Literally in the headline

It actually isn't though

“Apartment rents are on the verge of declining due to massive new supply” is the thing you’re responding to. “This specific apartment dropped a hundred dollars in rent” is typically not how headlines work.

On the verge, huh

mine dropped this year

nowbam.com/national-ren....

National Rents Fall for 9th Month Straight, Sun Belt Cities See Biggest Dropsnowbam.com Rents are down across the US for the 9th month straight, with some Sun Belt cities like Austin seeing double-digit drops. But not all areas are cooling off - the Midwest is experiencing record highs.

Cause and effect can happen so close to each other that we are unable to discern them in time, but most things aren’t like that.

...so it's not literally in the headline then

"on the verge"

Still on the verge based on my current apartment search.

they only need to build another 2500 "luxury condo" units and the problem will be solved, trust me bro

Yeah the rents in my neighborhood have gone up 20-30% but ANY DAY NOW

My suburb is anti-renter, but also a retail/restaurant hub, and local businesses are still unable to figure out why they have problems filling service jobs.

apartment edging

Landlords hate it!

Not landlords around here, they love new construction, means new contracts at arbitrary prices and _without rent control_ (which only applies to past contracts).

Hey remember when people said rents and real estate prices were gonna drop because of all the covid deaths and then they just.... went up anyway?

no, I do not

I remember prices going through the roof as renters and buyers looked for larger spaces

published ten months ago

any update on this

Kylo ren more dot gif

But the article is from last September?

Mind. Blown.

Didn’t someone show something about how this could have already been happening except there are these computer programs that game the rents and fix the prices.

I am interested to see what my building does with the annual lease - they’ve over priced themselves - lost about 1/2 the renters and the 1st floor commercial renters. 2nd year in a row it stays the same or will it drop?

I have the third largest landlord in the country and the vacancies seemed to have them on their own reducing rents. (SoCal). I think the smaller landlords are holding on since many of them are basically just holding out for a buyout

Post