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.
@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
@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.
You specifically said that in your first post on an article about housing assistance, and then tried to back up your assumption with a made up scenario. The help people are getting is such a small percentage of what is spent on housing in this area that there is no way assistance is causing prices to go up.
You specifically said that in your first post on an article about housing assistance
Yes, thank you for quoting my statements back to me.
and then tried to back up your assumption with a made up scenario.
Are you just completely unfamiliar with how a hypothetical scenario works? Once again, as I just said, it’s an educational device to help you understand why things work this way.
The help people are getting is such a small percentage of what is spent on housing in this area that there is no way assistance is causing prices to go up.
I’ve already explained this also. I have no intention of going round and round on the same points over and over. If you want to cover your eyes and remain ignorant to reality, that is your prerogative, but I’m done.
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.
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.
@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
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 for a myriad of reasons. One of them is because housing is subsidized by the government.
@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.
deleted by creator
You’re continuing to ignore and misrepresent my previous statements so I’m going to block you now.
Huh. Since they kept repeating the same thing I was responding to… Would have been nice for a clarification instead of a block but 🤷🏻♀️
So you are against giving people help who probably need it the most based on some scenario you have completely made up. Nice. Thanks for clarifying.
No, that’s not correct. I am against driving up housing prices that hurt people who need it the most.
I am using a hypothetical scenario in a vein attempt to help you understand the problem.
You specifically said that in your first post on an article about housing assistance, and then tried to back up your assumption with a made up scenario. The help people are getting is such a small percentage of what is spent on housing in this area that there is no way assistance is causing prices to go up.
Yes, thank you for quoting my statements back to me.
Are you just completely unfamiliar with how a hypothetical scenario works? Once again, as I just said, it’s an educational device to help you understand why things work this way.
I’ve already explained this also. I have no intention of going round and round on the same points over and over. If you want to cover your eyes and remain ignorant to reality, that is your prerogative, but I’m done.