this post was submitted on 24 Apr 2025
66 points (95.8% liked)

Just Post

847 readers
88 users here now

Just post something ๐Ÿ’›

founded 2 years ago
MODERATORS
 
all 15 comments
sorted by: hot top controversial new old
[โ€“] [email protected] 18 points 1 week ago (1 children)

What the fuck is this linear fit lol

To me this is, to the extent it means anything at all, a pretty strong argument that short supply is not the problem. Which kind of makes sense. The problem is predatory corporate landlords. Build more units, the predatory landlords say "oh sweet" and use some of their Scrooge McDuck pile of money to buy them all up and rent them at inflated prices because they're "luxury" as new construction. That seems a more likely to me than the other way.

[โ€“] [email protected] 6 points 1 week ago (1 children)

Yeah the graph doesn't even reference housing construction, right? And even Austin saw a rent increase, just less than other cities.

[โ€“] [email protected] 4 points 1 week ago

Not having the axis at 0 on both to distract from rents being artificially higher

[โ€“] [email protected] 12 points 1 week ago (1 children)

I'm sure this graph ic accurate or something but tbh all I can make out is random dots lol

[โ€“] [email protected] 3 points 1 week ago

Well, for one thing, the "rent increase" axis starts at 25%

[โ€“] [email protected] 10 points 1 week ago

To be clear, it is still insanely expensive in Austin, but this is at least a glimmer of hope.

[โ€“] [email protected] 6 points 1 week ago

Too bad it is all being used for AirBNBs

[โ€“] [email protected] 6 points 1 week ago

And the prices keep outpacing wages unless we restrict the ownership of homes to people who live in them