“Austin’s surge of new housing construction drove down rents” (pew.org)
815 points | 23 days ago | 1,026 comments
Finally a success story
I thought during COVID there was a large shift to the suburbs where your own space was valued over neat stuff nearby, and that simultaneously raised suburban housing demand and cooled urban prices
Houston is even cheaper than Austin, despite being much larger, but Houston has always been big on YIMBYism, so they never shot up, to start with.