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22TopShelf22 t1_j6a46jx wrote

Reply to comment by VaderTower in Nixa’s Giddens Says Developers Consider Springfield Closed For Business. by [deleted]

No. Increased supply means increased competition which means decreased rents.

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VaderTower t1_j6astlj wrote

I feel like you reiterated my point, are you disagreeing?

Increased supply (more units built to rent), decreases demand (less people wanting to rent) by increasing competition (more units on the market vying for the same set number of renters), means decreased rent.

I suppose my point of leaving a unit empty or decreasing rent was somewhat reductionist, but still what will happen.

Ultimately the only point, that isn't up for debate is that... More units built = cheaper rent.

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