Hour-Watch8988 t1_j4od9yc wrote
Reply to comment by spitefulcum in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins
It’s not totally insane to think that amenity effects of development might outweigh supply effects on price at a hyper-local level. Some prior research sometimes showed this. But more housing supply always helps bring down rents at the regional level, so we should be doing it anyway.
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