Jay Parsons
@jayparsons
Rental housing economist, Dad x5 and suffering Cowboys fan ... Rental housing is essential, misunderstood and we need more of it.
*UPDATED* (and still true) When you build "luxury" new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points -- even in the lowest-priced Class C rentals. Here's evidence of that happening right now: There are 21 U.S. markets where…
On today's episode: Cushman & Wakefield's head of valuation and advisory for the living sector, Zach Bowyer, makes the case it's a disconnect on strategies-- with would-be sellers banking on same rebound would-be buyers are expecting.
Los Angeles is uniquely skilled at driving up the cost of building and operating apartments, while simultaneously driving down potential revenue generated from the apartments.
Really wild how home prices and rents are falling in markets where we build housing, and rising in markets that do not build housing. Makes you think there might be something to that theory of supply and demand after all.
Really wild how there are two housing markets now. If you live in the northeast or Midwest, prices are rising, everywhere around you. If you live in the south or west, prices are falling, everywhere around you. And if you live in Florida, the bottom’s falling out.