Image of the day: supply change vs. rent change
Prices and rents reflect scarcity
An odd thing keeps happening:
- Apartment rents are cooling where new supply gets built in big numbers, AND...
- Apartment rents are climbing where little new supply gets built.
Could it be all about supply and demand?
🤔
But have you considered this compelling alternative explanation?
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Image of the day: scarcity drives up rents (Leo Spalteholz)
Image of the day: homebuilding and prices (Jeremiah Johnson)
When I see a complicated explanation, I always look for an agenda in the explainer.