👽 - viewfoil

will.stedden > bonkerfield

Viewfoil streams my online communication in one place. It's an experiment to test the limits of my personal transparency. You can connect with me on any of the social sites below.

Connect:

filter: 💡 🐘 🏟 👽🕒🐦 📺 ➿ 💰

👽

3/16/2024 11:16:00 AM

Rents won't noticeably "go down" just because one building is finished. What is happening is that rents go up less fast if housing is built. It's been shown many many times that housing follows the same supply and demand laws as anything else. Here is an article that covers the supply effect among other things: [https://www.theurbanist.org/2021/06/02/new-round-of-studies-underscore-benefits-of-building-more-housing/](https://www.theurbanist.org/2021/06/02/new-round-of-studies-underscore-benefits-of-building-more-housing/) Basically, wherever demand grows faster than supply you see prices increase. We'd need to produce an unbelievable amount of housing in Madison to outpace the growth in demand. So rents will keep going up, but by building new housing we can at least shrink the rate of growth. The only other alternative is to make Madison a less appealing place to live.