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3underscores.bsky.social
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In San Francisco, a 2021 study by Pennington found that the average new building built there reduced rents within 500 meters by 1.2% to 2.3%.
Mense (2023) saw 2% decrease in rents for every 10% increase in housing stock. The decreases reduced cost burden even for low-income renters in low-end units.
2025-02-21T01:49:22.952Z