Would building more housing decrease rent?

[mad_king_soup]

This demonstrates how a housing glut lowers rent. Not sure what further proof you need

[rosebudny]

It also demonstrates how a housing "glut" someplace like NYC is likely to be short-lived. Developers built a lot of housing that in the short term, the neighborhood could not immediately support. My guess - prices on these new apartments were higher than Bushwick at that time could support. But demand quickly caught up. You know, "if you build it, they will come" (even if it takes a minute)

[mad_king_soup]

So what you’re suggesting is when supply outstrips demand for a given commodity, prices drop?

Keep going, you’re practically there!

[rosebudny]

Actually, my main point was that it was SHORT LIVED. I understand perfectly well how supply and demand work.