this post was submitted on 24 Apr 2025
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[โ€“] PhilipTheBucket@ponder.cat 19 points 1 year 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€“] LesserAbe@lemmy.world 6 points 1 year 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€“] electricyarn@lemmy.world 4 points 1 year ago

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

[โ€“] TriflingToad@sh.itjust.works 13 points 1 year ago (1 children)

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

[โ€“] Auntievenim@lemmy.world 3 points 1 year ago

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

[โ€“] Gerudo@lemm.ee 10 points 1 year ago

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

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

[โ€“] kalpol@lemm.ee 6 points 1 year ago

Too bad it is all being used for AirBNBs