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kellytop412 t1_j5uxw45 wrote

I didn't immediately see if either of these were mentioned contributing to the rising rent impact

  1. new construction apartments are all upscale/luxury. No one is investing in middle income rental units. The government does require a specific % be deemed "affordable" housing, but that amount is insane,coming from a person who is well above the income limits
  1. Airbnb's impact on available rental units, diminishing supply. Not so much an issue in Pittsburgh as other touristy cities, but contributes nevertheless
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dfiler t1_j5v7gdw wrote

New luxury apartments reduce the price of other available units because rich people rent the new apartments and there is less demand for their previous apartment.

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