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Then why are rents going up drastically all over texas, even in small towns where damn near anything can be built?
by JaimeThompson 2y ago
Then why are rents going up drastically all over texas, even in small towns where damn near anything can be built?
- cscurmudgeon 2y agoSigh, it is always supply and demand. If demand is higher than supply, prices rise. It is a universal law of economics that people pretend doesn't apply to housing. In these towns, do you have evidence demand is stable and yet prices rise? https://scott-wiener.medium.com/yes-supply-demand-apply-to-housing-even-in-san-francisco-193c1b0c190f https://scott-wiener.medium.com/yes-supply-demand-apply-to-h...
- JaimeThompson 2y agoAdam Smith would disagree.
- cscurmudgeon 2y agoThanks for posting relevant data. I have changed my stance entirely.
- JaimeThompson 2y agoI would expect that someone discussing this topic would be familiar with the various things Adam Smith and others have said about collusion to increase prices and related topics.
- gedy 2y agoSome/much of this may be just inflation and the devaluing of the dollar.
- NovemberWhiskey 2y agoNever mind the small towns. Houston has no zoning laws at all, yet: https://www.houstonpublicmedia.org/articles/housing/2023/07/25/457594/a-majority-of-harris-county-renters-are-cost-burdened-by-rising-rent-prices-report-says/ https://www.houstonpublicmedia.org/articles/housing/2023/07/...
- kilotaras 2y agoIIRC Houston does not have zoning in direct sense of the word, but has a set of regulations and restrictions (e.g. on height, setbacks, parking minimums, lot sizes, etc.) that still drastically limits options for buildings.
- HDThoreaun 2y agoHouston has covenants which basically pick up the role of zoning laws. Famously they have massive parking minimums which prevents densifying.