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Committee hears about need for more rental assistance money - Austin Monitor (www.austinmonitor.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] -2 points 6 months ago* (last edited 6 months ago) (8 children)

Your numbers aren't adding up.

That's because I made them up. It's called a hypothetical. The actual numbers don't matter because the concept is the same regardless.

Besides, in your supposition, you are saying that the landlord findsout about their tenant getting an extra $300

They find out because they pay attention to market conditions and see them going up all over town from all the people getting rental assistance, as I just said in the comment you just replied to.

[–] [email protected] 1 points 6 months ago (3 children)

@helenslunch
All the less than 7500 people getting rent assistance in a market with how many apartments? That's a miniscule part of the market.

Rents increase because more people are moving here (it's gone from about 100k to nearly a million in the 30 years I've been here without much new building until the last few years) and Austin already had a tight apartment market in the 90s.
@FigMcLargeHuge

[–] [email protected] -1 points 6 months ago* (last edited 6 months ago) (2 children)

That's a miniscule part of the market.

It doesn't matter how small it is.
These people are all in the same market and all competing for the same properties (entry level).

Rents increase because more people are moving here

Rents increase for a myriad of reasons. One of them is because housing is subsidized by the government.

[–] [email protected] 1 points 6 months ago (1 children)

@helenslunch
Show me proof it doesn't matter and I'll believe it. There has been housing subsidizing for a long time. I had a subsidized apartment back in the 90s for a while. And yet prices didn't really spike until the last couple of years. I'll grant you it's possible subsidies cause landlords to raise rents a few dollars. But not to the degree we've seen lately.

What's happening lately is tenants are expected to bid for apartments. That's what's allowing the rents to skyrocket.

[–] [email protected] -1 points 6 months ago

I'll grant you it's possible subsidies cause landlords to raise rents a few dollars. But not to the degree we've seen lately.

You're continuing to ignore and misrepresent my previous statements so I'm going to block you now.

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