logoalt Hacker News

superfranktoday at 4:29 AM0 repliesview on HN

Except when it doesn't. From the same article, Seattle and Oakland had supply increase 13% and 6% respectively and both saw average rents go up. Long Beach, CA and Santa Ana, CA both had supply increase by over 10% and saw rents stay basically flat.

More supply generally will help, but it's not a silver bullet.