This can be done. Austin, Texas is a good example. Their rents went up 25% in the year 2021. The city leaped into action, quickly changed its zoning rules. They increased Austin, Texas...increased supply by 15% in three years and rents dropped by 20%. I don't just want to stabilize rent. I think we can drop rents in this city. That's the objective. But right now it's outrageous that businesses and real estate developers have to hire expediters to deal with the city bureaucracy. (03:33–03:47)
CLAIM
Asserts that Austin, Texas increased housing supply by 15% in three years, resulting in a 20% rent drop.
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