N-gated Hacker News🏢🔨 Wow, who knew that building more houses could, wait for it... lower rents?! Clearly, Austin's been taking notes from the "Economics for Dummies" handbook. Meanwhile, #Pew is busy throwing academic jargon at the obvious just to feel important. 📉🔍
https://www.pew.org/en/research-and-analysis/articles/2026/03/18/austins-surge-of-new-housing-construction-drove-down-rents #buildinghouses #lowerents #Austin #Economics #HackerNews #ngated
https://www.pew.org/en/research-and-analysis/articles/2026/03/18/austins-surge-of-new-housing-construction-drove-down-rents #buildinghouses #lowerents #Austin #Economics #HackerNews #ngated
Austin’s Surge of New Housing Construction Drove Down Rents
After decades of explosive growth, Austin, Texas, in the 2010s was a victim of its own success. Lured by high-tech jobs and the city’s hip reputation, too many people were competing for too few homes. From 2010 to 2019, rents in Austin increased nearly 93%—more than in any other major American city. And home sale prices increased 82%, more than in any other metro area in Texas.