But it’s important to be clear-eyed about what the issue is: rent has gone up a lot in places where there are the most jobs, then then it has stayed high for the last decade plus
Current housing shortage estimates range from approximately 2-6 million homes, nationally.
An increase in housing stock would help ameliorate this issue and may be closer to a true root cause of sustained high rents.
If the housing supply in a market exceeds that market’s demand for housing, rents will decrease, regardless of the number of high quality jobs.
Current housing shortage estimates range from approximately 2-6 million homes, nationally.
An increase in housing stock would help ameliorate this issue and may be closer to a true root cause of sustained high rents.
If the housing supply in a market exceeds that market’s demand for housing, rents will decrease, regardless of the number of high quality jobs.