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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jun 13

    Austen Allred Retweeted Discount Dog Scuba

    People *actually* believe that building more housing doesn't affect housing prices. Wild.https://twitter.com/ScubaForDogs/status/1006606078744854534 …

    Austen Allred added,

    Discount Dog Scuba @ScubaForDogs
    say it with me: BUILDING 👏APARTMENTS 👏WITHOUT 👏CONTROLS 👏ON 👏THE 👏RENTS 👏OF 👏THOSE 👏APARTMENTS 👏ONLY 👏ENRICHES 👏DEVELOPERS 👏AND 👏DOES 👏NOT 👏DRIVE 👏DOWN 👏RENTS👏 thinking that it does is some neolib "free market" bullshit
    Show this thread
    12:46 PM - 13 Jun 2018
    • 14 Retweets
    • 228 Likes
    • #3CommaGang Samuel Machat David Crawshaw Regina☃️ federico lowenstein Isaac Rosenberg Damian Counsell Joshua Abednego Derek
    20 replies 14 retweets 228 likes
      1. New conversation
      2. Ted Sanders‏ @sandersted Jun 13
        Replying to @AustenAllred

        Are they wrong, in the long-term? The biggest cities seem to have the highest rents. The tiniest towns seem to have the lowest rents. Building more housing gets you closer to a bigger city.

        1 reply 0 retweets 1 like
      3. Austen Allred‏Verified account @AustenAllred Jun 13
        Replying to @sandersted

        Or maybe more people want to live in cities which makes the prices higher?

        1 reply 0 retweets 3 likes
      4. Ted Sanders‏ @sandersted Jun 13
        Replying to @AustenAllred

        Sure. So is there a line of argument that building more housing will make a city more desirable, causing the demand to rise with supply? And if that logic is bunk, how do we know that it's bunk?

        1 reply 0 retweets 1 like
      5. Austen Allred‏Verified account @AustenAllred Jun 13
        Replying to @sandersted

        The question is what is the cause and what is the effect. If you build a mega city does it automatically fill up? If so, why are Detroit and Vegas so empty?

        3 replies 0 retweets 1 like
      6. Ted Sanders‏ @sandersted Jun 14
        Replying to @AustenAllred

        So is the argument that because Detroit and Vegas have high supply and low demand, that implies that supply doesn't induce later demand, on average? Do we know if Detroit and Vegas are typical?

        1 reply 0 retweets 0 likes
      7. Austen Allred‏Verified account @AustenAllred Jun 14
        Replying to @sandersted

        Or St Louis or Atlanta or... there are a ton of big cities that are very cheap, and a ton of smaller cities that are more expensive. The strongest correlation is housing regulation, not size of city

        1 reply 0 retweets 1 like
      8. Ted Sanders‏ @sandersted Jun 14
        Replying to @AustenAllred

        What data sets do you use to draw and make these conclusions? I'd love to learn more.

        0 replies 0 retweets 0 likes
      9. End of conversation
      1. New conversation
      2. Discount Dog Scuba‏ @ScubaForDogs Jun 13
        Replying to @AustenAllred

        Is supply the only thing that affects rental prices? You'd think so based on how badly you all want to streamline things for developers.

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Jun 13
        Replying to @ScubaForDogs

        It's not the only thing, no

        1 reply 0 retweets 7 likes
      4. Discount Dog Scuba‏ @ScubaForDogs Jun 13
        Replying to @AustenAllred

        So it's possible that an increase in supply DOESN'T lower rents, right? We're making progress here!

        1 reply 0 retweets 0 likes
      5. Austen Allred‏Verified account @AustenAllred Jun 13
        Replying to @ScubaForDogs

        If there's a scenario where increasing supply DOESN'T lower rents, then not increasing supply will raise them even faster

        1 reply 1 retweet 17 likes
      6. Discount Dog Scuba‏ @ScubaForDogs Jun 13
        Replying to @AustenAllred

        If that's true though, and rents are directly tied to supply, why would there be opposition to rent control on new developments? The increase in supply was going to drive the rent down naturally anyway, right?

        1 reply 0 retweets 1 like
      7. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Jun 14
        Replying to @ScubaForDogs @AustenAllred

        Rents are not "directly tied to supply", they are "generally tied to supply". It's not a direct 1:1 relationship, it's a trend. Marketplaces always have pockets of irrational behavior. You are taking "pockets of irrational" and extending it to "markets don't work".

        2 replies 0 retweets 1 like
      8. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Jun 14
        Replying to @gatesvp @ScubaForDogs @AustenAllred

        I am in San Mateo county. No rent control. Pop: 750k If we add 200 units next year rents don't change. 2000 units? No change. 20000 units? Probable change. 200000 units? Complete and utter change.

        2 replies 0 retweets 1 like
      9. Gates VP  💙  💜  💖  🏳️‍🌈‏ @gatesvp Jun 14
        Replying to @gatesvp @ScubaForDogs @AustenAllred

        There is a point somewhere between 20k units and 200k units where rents will change. The point is imprecise, and it will face some natural human resistance. But the points does exist.

        1 reply 0 retweets 1 like
      10. 7 more replies
      1. New conversation
      2. permætheus‏ @permaetheus Jun 14
        Replying to @AustenAllred

        If this is about SF in particular. Building new housing will not put a dent on rent because the volume of new housing is too low. We all know about supply-demand curves.

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Jun 14
        Replying to @permaetheus

        By the same definition not adding more will make it even more expensive

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. Ran Reichman‏ @ranreichman Jun 13
        Replying to @AustenAllred

        “free market bullshit” 🤦‍♂️

        0 replies 0 retweets 6 likes
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      1. Kyle Tibbitts‏ @KyleTibbitts Jun 13
        Replying to @AustenAllred @pmarcas_likes

        They don't believe in supply and demand or gravity. All tools of the bourgeoisie!

        0 replies 0 retweets 2 likes
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      1. Seth Rosenberg‏ @SethGRosenberg Jun 13
        Replying to @AustenAllred

        😔

        0 replies 0 retweets 2 likes
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