alt Hacker NewsIt will just go back up 3% next year to match inflation. 20k apartments and the rent only lowers 3%? What a joke. Only the real estate industry is celebrating this.
It will just go back up 3% next year to match inflation. 20k apartments and the rent only lowers 3%? What a joke. Only the real estate industry is celebrating this.
> 20k apartments and the rent only lowers 3%?
20k is about 5% of Denver's housing stock [1]. Given the backlog of demand, you'd expect to see inelasticity at the entrance.
[1] http://censusreporter.org/profiles/16000US0820000-denver-co/