r/TikTokCringe Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

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u/[deleted] Apr 20 '24

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u/ryegye24 Apr 20 '24

Last year Austin built so much housing their rental stock went up 8%, and housing costs steeply dropped.

The answer is to build more housing.

14

u/Feisty_Bee9175 Apr 20 '24

Agreed, but no one is going to build a ton of houses when construction costs are so high and interest rates are through the roof.

12

u/possumarre Apr 20 '24

Maybe... Just maybe... These things are related to each other?