@helenslunch
All the less than 7500 people getting rent assistance in a market with how many apartments? That’s a miniscule part of the market.
Rents increase because more people are moving here (it’s gone from about 100k to nearly a million in the 30 years I’ve been here without much new building until the last few years) and Austin already had a tight apartment market in the 90s. @FigMcLargeHuge
@helenslunch
Show me proof it doesn’t matter and I’ll believe it. There has been housing subsidizing for a long time. I had a subsidized apartment back in the 90s for a while. And yet prices didn’t really spike until the last couple of years. I’ll grant you it’s possible subsidies cause landlords to raise rents a few dollars. But not to the degree we’ve seen lately.
What’s happening lately is tenants are expected to bid for apartments. That’s what’s allowing the rents to skyrocket.
@helenslunch
All the less than 7500 people getting rent assistance in a market with how many apartments? That’s a miniscule part of the market.
Rents increase because more people are moving here (it’s gone from about 100k to nearly a million in the 30 years I’ve been here without much new building until the last few years) and Austin already had a tight apartment market in the 90s.
@FigMcLargeHuge
deleted by creator
@helenslunch
Show me proof it doesn’t matter and I’ll believe it. There has been housing subsidizing for a long time. I had a subsidized apartment back in the 90s for a while. And yet prices didn’t really spike until the last couple of years. I’ll grant you it’s possible subsidies cause landlords to raise rents a few dollars. But not to the degree we’ve seen lately.
What’s happening lately is tenants are expected to bid for apartments. That’s what’s allowing the rents to skyrocket.
deleted by creator