Berkeley rents fall amid construction boom
More evidence that building housing makes housing more affordable
https://darrellowens.substack.com/p/berkeley-rents-fall-amid-constructionOpen linkView original on lemmy.worldhttps://darrellowens.substack.com/p/berkeley-rents-fall-amid-constructionOpen linkView original on lemmy.world
Supply & demand economics strikes again!
The only I have to add is they need to they need to build even more!
Completely unprecedented. there isnt an economic model in existence that could have predicted this. no one could have imagined that building more housing would bring down rents. no one.