Berkeley rents fall amid construction boom
Berkeley rents fall amid construction boom
darrellowens.substack.com Berkeley Rents Fall Amid Construction Boom
The city's government rental registry reveals that rent controlled apartments are declining in price as Berkeley undergoes a housing boom.
More evidence that building housing makes housing more affordable
![[article] Berkeley Rents Fall Amid Construction Boom](https://lemmy.world/pictrs/image/87ff93a7-2bb1-431b-9ba2-70e4482d3ff8.jpeg?format=webp&thumbnail=196)
2 comments
Supply & demand economics strikes again!
The only I have to add is they need to they need to build even more!
Completely unprecedented. there isnt an economic model in existence that could have predicted this. no one could have imagined that building more housing would bring down rents. no one.