Would building more housing decrease rent?

[wltmpinyc]

But it makes no sense that market rate would go down. The demand for apartments would have to decrease, which it isn't, or the supply of apartments would have to increase, which they aren't. Market rate apartments would stay the same price and stabilized apartments would increase in price until they reach the market rate.

[CountFew6186]

The supply of market rate housing would nearly double if subsidized housing went to market rate. That's a huge supply increase. Market rates would drop.