A guy just transcribed 30 years of for-rent ads. Here’s what it taught us about housing prices
Michael Andersen
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“ or allow the city’s population to rapidly grow about 50 percent, to about 1.2 million, while the number of housing units increased even faster.”

(Haven’t seen the responses below so forgive me if this has been said already)….of course the other alternative, very commonplace in other countries but so beaten out of the US discourse that it doesn’t even enter the lexicon as an option is to just have the government build rental housing with the population the same. They could own it or sell it off to a private owner. Knowing what I do about Canadian markets, I’d bet dollars to donuts that the reason why prices shot down in the 40’s was precisely for this reason, either government construction of housing or tax incentives to have developers build it.

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