Originally Posted by
SurferRosa
Right. What happens to price when demand rises? What happens to price when supply drops?
The result does not agree with your post. See Seattle as an example of rising rents during a boom in development.
Seattle like Portland make it hard for developers to develop property in a way that would best suit the needs of the market. Hence my continuing comments about excessive regulation having an effect on price.
Again remove regulation on how real estate owners can develop and utilize their property and you will eventually see the demand met and prices decrease as a surplus in the market happens.