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Aveman1 t1_jefdad7 wrote

Reply to comment by februaryanna in 47-story apartment building is planned above CVS store at 19th and Chestnut by ColdJay64

New development off of the York dauphin stop is seriously going to lower rents in traditional two bedroom row homes. So many are hitting the market at once they just can't compete.

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februaryanna t1_jefe5n9 wrote

Yeah, I’m not sure if this is the only neighborhood where rents going down has become the new norm, but it is a good case study for why more housing inventory is good for everyone even if the new housing itself isn’t extremely affordable.

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