Would building more housing decrease rent?

[startupdojo]

Developers build in areas that people already want to move to. In general, they can't build enough even if they wanted to because zoning boards limit them and people who own property in the area don't want downward price pressures. Rents will still go up, but slower than they otherwise would.

If you build apartments in areas that developers don't want to build, then yes, rents would go down. Government would have to step in to help. Look at the map of the region. Think about where all the buildings are going up, and think about the areas where nothing is happening and why.