Austin Rents Plummet, L.A. Hopes

This is a Austin news story, published by vancouversun, that relates primarily to Gray news.

Austin news

For more Austin news, you can click here:

more Austin news

Gray news

For more Gray news, you can click here:

more Gray news

real estate & housing news

For more real estate & housing news, you can click here:

more real estate & housing news

vancouversun news

For more news from vancouversun, you can click here:

more news from vancouversun

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about

Austin

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest recent apartment boom news, housing scarcity news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Greater Austin area

vancouversun

•

Business

Business & Economics

Are Vancouver's high housing prices and rents 'a policy decision'?

Summary

Nutrition label

67% Informative

Austin , Texas , has seen rapid population growth, quickly rising rents, and with its liberal land-use policies and fast building permitting processes — a construction boom.

While Metro Vancouver has been adding more housing in recent years than many U.S. cities, Gray said, it’s a far cry from Austin 's recent apartment boom, which added almost twice as many homes on a per-capita basis.

Gray argues governments should abolish rules like those setting minimum parking requirements or prohibiting apartment buildings from certain neighbourhoods, and build more until homes are more affordable.

“You’re not going to solve the housing crisis unless every local jurisdiction is doing its fair share to build housing,” Gray said. “I don’t see any other way around it. Of course, the ideal is that every local government sees the light and reforms on their own. But we can’t wait for that.”.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful