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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
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.