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Tuesday, June 27, 2006

"Rents are still quite low . . . " ---- Are you kidding me?

Check out this Statesman article that attempts to explain, albeit topically, why your rent has gone up $100 bucks in a year and a half. The argument that high construction costs prevent developers from building new rental units in the Austin area doesn't hold water with me. Those conditions were true in the late nineties through 2000, when the same report mentions that 10,000 new units were added.

What am I missing? Thoughts?

Austin American Statesman