In Austin, Texas, home prices and apartment rents have seen a significant decline, marking the most substantial drop in the country. This trend has sparked a debate among various stakeholders, including the Wall Street Journal (WSJ), NIMBY (Not In My Backyard) activists, and proponents of housing affordability reforms. Critics argue that the media, including WSJ, portrays the decrease in housing costs negatively, ignoring the benefits of increased affordability resulting from deliberate policy reforms. The conversation highlights a broader discussion on the relationship between economic growth and housing costs, with some advocating for a scenario where housing costs remain stable while the economy grows.
Interested to see how NIMBYs frame Austin rents falling as a negative without admitting that they really just want to have their property asset values go up. https://t.co/5Y5Kigb6BQ
As more people make the move β fueling higher rent and home prices βthe arbitrage on moving to Miami, Austin and Dallas has eroded since 2019, according to data analyzed by SmartAsset https://t.co/3yYBbrodoY https://t.co/atfhlA0bto
It's insane that the WSJ is framing increased affordability thanks to purposeful reforms in the Austin housing market as a NEGATIVE. When will the media stop being such a clown show when it comes to housing!? https://t.co/EMlEq6xHMm
The Wall Street Journal & NIMBY left are united in their opposition to declining rents https://t.co/G56vGOHwyQ
Home prices and apartment rents in Austin, Texas, have fallen more than anywhere else in the country https://t.co/cbnxB1OLwq this peice reflects a mindset where economic growth -> higher housing costs. how about housing costs staying flat and economic growth?
Home prices and apartment rents in Austin, Texas, have fallen more than anywhere else in the country https://t.co/GW8CZNQkXi https://t.co/GW8CZNQkXi