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#HousingOpportunity Ingrid Ellen opens: NIMBYism from wealthy homeowners isn’t only opposition to new housing. Renters are also nervous that development drives up rents. What does evidence tell us?
Some supply skeptics argue that new development won’t bring down rents, others argue new housing will actually drive up rents. Let’s unpack the assumptions behind those arguments.
There’s lots of research on filtering: more tightly regulated housing markets see less downward filtering and more upward filtering. But we should be realistic about how long downward filtering takes.
