> Greenaway-McGrevy (2023) showed an increased supply of housing in Auckland reduced rents in 3-bedroom homes by 26-33% below a control.
Read it. Oh wow. That's a fucking propaganda piece with shoddy statistics.
They basically found a statistical anomaly in the data, with the one- and two- bedroom apartments rents showing no significant difference from the historical trend. And to exaggerate the trend, they used an overfitted exponential model.
And in both cases, there were NO price decreases. Rents continued to grow, outpacing the inflation.
Read it. Oh wow. That's a fucking propaganda piece with shoddy statistics.
They basically found a statistical anomaly in the data, with the one- and two- bedroom apartments rents showing no significant difference from the historical trend. And to exaggerate the trend, they used an overfitted exponential model.
And in both cases, there were NO price decreases. Rents continued to grow, outpacing the inflation.