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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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    1. 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
      20 replies 14 retweets 228 likes
    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
      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

      1:06 PM - 13 Jun 2018
      • 1 Retweet
      • 17 Likes
      • Jules Pitt Javier Glenn Hull Esteban Küber 🦀⚙️ Dennis Ideler Jake Schmidt 🥑🛴 Kyle Russell 🚀 Paul Carbone Kirk Byers
      1 reply 1 retweet 17 likes
        1. New conversation
        2. 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
        3. 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
        4. 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
        5. 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
        6. Discount Dog Scuba‏ @ScubaForDogs Jun 14
          Replying to @gatesvp @AustenAllred

          Why rely on it to occur 'naturally' though? That's the part I don't trust. Why not calculate what the rents SHOULD drop with that increase in supply, and fix the rents at that rate? So there's no bait-and-switch.

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

          Because it is very hard to predict that number. It's not a 1:1 relationship. Rent drops could result in: - roommate breakups - increased population influx - change in financing for next year's housing builds

          1 reply 0 retweets 0 likes
        8. Discount Dog Scuba‏ @ScubaForDogs Jun 14
          Replying to @gatesvp @AustenAllred

          that seems like a cop-out

          1 reply 0 retweets 0 likes
        9. Austen Allred‏Verified account @AustenAllred Jun 14
          Replying to @ScubaForDogs @gatesvp

          “Supply doesn’t affect housing prices” seems like a cop out

          1 reply 0 retweets 0 likes
        10. 3 more replies

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