Members of the City Council Housing and Planning Committee heard about the dire straits that many renters face, not just in Austin but across the country. Community displacement prevention officer Nefertitti Jackmon told the committee on Tuesday that the program…
  • helenslunch@feddit.nlEnglish
    12·
    9 months ago

    That’s a miniscule part of the market.

    1. It doesn’t matter how small it is.

    2. These people are all in the same market and all competing for the same properties (entry level).

    Rents increase because more people are moving here

    Rents increase for a myriad of reasons. One of them is because housing is subsidized by the government.

    • csh@dawdling.net
      1·
      9 months ago

      @helenslunch
      Show me proof it doesn’t matter and I’ll believe it. There has been housing subsidizing for a long time. I had a subsidized apartment back in the 90s for a while. And yet prices didn’t really spike until the last couple of years. I’ll grant you it’s possible subsidies cause landlords to raise rents a few dollars. But not to the degree we’ve seen lately.

      What’s happening lately is tenants are expected to bid for apartments. That’s what’s allowing the rents to skyrocket.

      • helenslunch@feddit.nlEnglish
        12·
        9 months ago

        I’ll grant you it’s possible subsidies cause landlords to raise rents a few dollars. But not to the degree we’ve seen lately.

        You’re continuing to ignore and misrepresent my previous statements so I’m going to block you now.