You're pointing yourself at a graph that shows an exponential spike in prices up until 2023, just as my model of density-price death spiral predicts.
And the only reason the prices stopped growing is the population _decrease_ after COVID lockdowns. The ACS data series ( https://data.census.gov/table/ACSST5Y2020.S0101?q=Austin,+TX ) gives 979,263 people in 2019, and by 2023 it recovered to 979,200 after falling to 944,658 in 2021.
So no, Austin has not managed to lower prices by building more. It managed to do that by using a worldwide pandemic that lowered the city population.
And yes, lowering the population is the only way to lower the housing cost. You don't have other options.
You're pointing yourself at a graph that shows an exponential spike in prices up until 2023, just as my model of density-price death spiral predicts.
And the only reason the prices stopped growing is the population _decrease_ after COVID lockdowns. The ACS data series ( https://data.census.gov/table/ACSST5Y2020.S0101?q=Austin,+TX ) gives 979,263 people in 2019, and by 2023 it recovered to 979,200 after falling to 944,658 in 2021.
So no, Austin has not managed to lower prices by building more. It managed to do that by using a worldwide pandemic that lowered the city population.
And yes, lowering the population is the only way to lower the housing cost. You don't have other options.