[ars]

That's not how it works. There are tons of people who can pick rent vs buy. If rents go up, they'll switch to buy, opening up vacancies.

There are also people who can move to other locations.

If rents are up, you need more houses, it's really not that complicated.

[pjkundert]

That’s the demand side of the equation. Simple to fix, in an operational economy, right?

The supply side has been imploded by government decree, leading inexorably to the current debacle. I personally know several builders closing down their businesses. Not for lack of demand, of course, but because construction has been made impossible by vacant-eyed bureaucrats.

Dear central planners and jr. totalitarians:

This self-imposed disaster won’t cease until you decide it’s time for it to be over. Or, keep voting as you have - your choice. You do you.

[NegativeLatency]

Qui bono?

It’s great for banks and financial institutions and their investors to keep housing prices going up.

https://www.strongtowns.org/journal/2024/7/15/federal-and-st...

[mattnewton]

That only works if there is more supply (and if rent demand can access financing to buy, interest rates more are higher than when many landlords financed)