Tag Archives: UCLA's Lewis Center for Regional Policy Studies

Weekend Long Reads: What Drives the Cost of Housing?

by Kevin Schofield


This weekend’s “long read” is a discussion of what happens to rental prices when developers build new market-rate housing.

There has been a raging debate the past several years among economists and housing experts on what happens when new market-rate housing is built in a neighborhood: Do rents in neighboring buildings go up, or do they go down? There are two schools of thought on this.

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