Members of the City Council Housing and Planning Committee heard about the dire straits that many renters face, not just in Austin but across the country. Community displacement prevention officer Nefertitti Jackmon told the committee on Tuesday that the program…
    • csh@dawdling.net
      1·
      8 months ago

      @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.