The population of LA (18.5 m) is more than 7 times that of Austin (2.5m). Yet Austin is building double the number of apartments that Los Angles is.
Result:
Meanwhile the WSJ reports another shocker, New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply. But guess what has happened? Ok, you don’t have to guess. Hotel prices have increased