Building More New Housing Will NOT Lower Rents — High Rents Are Baked-In By High Costs

Market-rate rents are high because since 1970 housing costs have doubled while the median household income has only increased by about 15%

Image by Ulrike Leone from Pixabay
  • High consumer costs yield –>
  • New investment which yields –>
  • An increase in supply which yields –>
  • An increase in competition which yields –>
  • Lower prices

Why More New Rental Units Won’t Lower Rents

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David Grace

David Grace

3.3K Followers

Graduate of Stanford University & U.C. Berkeley Law School. Author of 16 novels and over 400 Medium columns on Economics, Politics, Law, Humor & Satire.