For the past decade, Austin has been a standard-bearer for the YIMBY (Yes in My Backyard) movement, passing a barrage of policy changes to make it easier to build new housing, especially new apartment buildings. According to a recent report from the Pew Charitable Trusts’ housing policy initiative, these reforms are responsible in large part for the sharp drop in rents enjoyed by Austinites over the last several years.
FWIW I believe there's a possible correlation between immigration deportations and rents going down. I have seen Scott Bessent talk about how illegal immigration was a driver of inflation in housing rent. I have no idea whether that plays any role in Austin though.
It's almost like letting people build houses is what fixes the price of housing.
who'd have thunk
yes!
FWIW I believe there's a possible correlation between immigration deportations and rents going down. I have seen Scott Bessent talk about how illegal immigration was a driver of inflation in housing rent. I have no idea whether that plays any role in Austin though.