Zellnor Myrie: “The rents would drop. And this is in part equation of adding…”

“What is your sense of, if you got this, if you got a million built over the course of the next 10 years, what would happen to rents? Would they actually drop? Would they stabilize? What would happen so The rents would drop. And this is in part equation of adding more supply to bring down the demand. We saw some of this over Covid when there was an exodus from the city and where property owners were trying to compete for renters. That is the dynamic that I'd like to see.” (20:48–20:56)

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