Half of renters in the United States have found themselves paying more than they can afford, following years of surging rents. But an increase in the construction of multiple-unit buildings has boosted the supply of apartments, which is slowly beginning to rein in runaway rents.
Oh cool, that means rent prices are going down, right? Supply and demand and all that.
Nope, they are being built specifically because the rent is high, meaning that housing is a profitable investment! Liberal economics are so much fun because they are a fantasyyyy ✨
Nope, they are being built specifically because the rent is high, meaning that housing is a profitable investment! Liberal economics are so much fun because they are a fantasyyyy ✨