[colechristensen]

>Developers don't get to unilaterally set prices, they're determined by supply and demand.

Eh. Apartment rents are driven by cartel behavior, single management companies own vast swaths of real estate and almost everybody uses a small number of services which calculate the rent they should charge which is more or less price fixing as a service.

And cities which should be SHAPING the supply with zoning are instead allowing an extremely heavily biased supply of homes designed for single occupancy. If there were a lot more 3BR units in attractive areas it would reshape the whole market, they couldn't afford to have a whole mess of empty large apartments and forcing the prices lower on those would have a cascading effect on smaller apartments.