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Accounting for inflation, rents barely moved from 2022-2024 in D.C.: https://ipropertymanagement.com/research/average-rent-by-yea...

I suspect most of the rent increase is due to inflation (sticker price). Nonetheless rents are still rising, which means 60k units were not enough to outweigh demand.

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I'm sure 3 years noted for their high inflation rates are indicative of the preceding 7 years which were not. /s

either way, it's clear they didn't build enough

It's not, because it's not clear that building actually lowers prices.

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