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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
      Replying to @ScubaForDogs

      It's not the only thing, no

      1 reply 0 retweets 7 likes
    2. 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
    3. 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
    4. 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
    5. 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
    6. 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
    7. 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
    8. 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
    9. 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
    10. Discount Dog Scuba‏ @ScubaForDogs Jun 14
      Replying to @gatesvp @AustenAllred

      that seems like a cop-out

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

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

      8:29 AM - 14 Jun 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Discount Dog Scuba‏ @ScubaForDogs Jun 14
          Replying to @AustenAllred @gatesvp

          we can keep going in circles if you want; if housing supply definitely and always drives rents down, then there should be no resistance to rent controls that would be within a reasonable range of the drop in prices that would supposedly occur naturally

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

          Except that rent control makes it prohibitively expensive to build housing, but yes

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

          No it doesn't, it just makes the resulting development less profitable. The cost to build the physical housing is the same either way.

          0 replies 0 retweets 1 like
        5. End of conversation

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