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Committee hears about need for more rental assistance money - Austin Monitor
(www.austinmonitor.com)
this post was submitted on 26 Feb 2024
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@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.
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.
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.