Comment by majormajor
5 days ago
> It does. Twenty thousand units represent about 5% of Denver's housing stock [1]. Commit to adding this many units to the housing stock every year for the next 10 years and you'll have solved the housing crisis. (You'll probably need to bail out recent homebuyers, who will be permanently underwater, but that's a separate issue.)
"Committing to doing this every year" is VERY different than doing it in one particular year. Yes, that would solve it. But of course, 2022 was part of a very unusual cycle including a lot of migration and you should note the last line in the article:
> Meanwhile, the pipeline of new apartment buildings is drying up. The number of properties under construction is down by roughly one-third from the peak in 2023, the report found. That likely means fewer units coming available in the months ahead, potentially giving landlords room to start raising rents again.
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