this post was submitted on 20 Sep 2023
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it's not detached from supply at all, single house zoning and mandatory minimum parking make for a whole lot of trouble in the US
Again I’m not saying supply isn’t an issue, and zoning is def a major problem in many states. But if the issue was only supply, rent would be growing more or less in line with the population not at the astronomical rate that it is.
yeah but due to immigration the population is growing in the USA, AFAIK, also you need to account for the trend of Urbanization (somewhat offset by move to WFH)
When Vanguard and Blackrock own half of the supply, then it's not a free market. Also, you said it's not detached from supply at all, but then proceeded to list reasons detached from supply that affect cost.