๐ธ๐๐๐ฉ ๐ป Amy macintosh ๐ต๐ธ๐ต๐ธ๐ต๐ธ Show Your Work roshanabraham.bsky.social 10-12% is also where it has an effect in Texas (smcorridornews.com/steady-as-she-โฆ)
Added other examples of Puget Sound, London and LA.
I'd aim at 12-15%, but 10% would be a great start.
Show Your Work Kenneth Webb @bullCityNerd Rik Adamski roshanabraham.bsky.social Does a real rent decrease count?As in, inflation/income adjusted? If so, Auckland.
In Stephen Lecce Ontario we have no idea what indoor C02 readings are in schools because he gets well ventilated air at QP and kids and Ed workers get repeat airborne infections. #ShowUsYourWork #UnsafeSchools
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Amy macintosh ๐ต๐ธ๐ต๐ธ๐ต๐ธ ๐ธ๐๐๐ฉ ๐ป Show Your Work roshanabraham.bsky.social Vacancy rates of ~10% iirc.
Show Your Work roshanabraham.bsky.social So if demand is increasing, and supply stays stagnantโฆ? Rent prices decrease?
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Show Your Work The 1980s asset bubble led directly to the 1990s housing policy reforms which then allowed Japan to avoid the same severe housing cost spikes that are impacting other major cities which haven't loosened their supply constraints.
Show Your Work roshanabraham.bsky.social The article says that rent growth has been slowed by more building.
'NashVasion'
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Show Your Work Matthew Larsen roshanabraham.bsky.social Where does it say that the new construction's units are 40-60% more expensive than the units they replace?
Show Your Work Stephen Hoskins ๐ฐ๐๏ธ๐งฆ๐ชฉ Then do it. Confiscate private property.
And whatโs the timeline for your revolution? Ten years? A hundred? Some indefinite future? Because people are struggling and homeless NOW.
Show Your Work roshanabraham.bsky.social By this logic building more and more housing should push rents towards infinity
coreyhannigan.bsky.social Show Your Work Stephen Hoskins ๐ฐ๐๏ธ๐งฆ๐ชฉ California YIMBY Global chip shortages caused a large drop in auto production, which (predictably) drove up prices.
consumerreports.org/cars/buying-a-โฆ
Show Your Work Barnibus Jones ๐ ๐ roshanabraham.bsky.social Donโt know what state youโre in, but we are building very little housing in California compared to the mid 80s per real estate data.
Show Your Work The ego is off the charts for these guys. Inventing creative ways to shuffle money between oligarchs and developing copyright stealing machines is pretty much like the discovery of fire.
