If there's a scenario where increasing supply DOESN'T lower rents, then not increasing supply will raise them even faster
Oh we don’t trust them. They lower rents because that’s what they have to do to get tenants and they don’t want to lose money. It’s not about trust, it’s about making sure they have the right incentives, then you don’t have to trust anyone!
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the strongest incentive is to build more units AND keep the rents inflated, I haven't seen anything that can defeat that yet except specific price controls, and they definitely don't want that. They seem to very much want us to just trust in the market, which makes me skeptical.
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