Nearby rents fall after large apartment buildings open.

Both comparison strategies turn negative after treatment; the vertical bars show uncertainty.

FROM THE PAPERFigure 2 · Rent event studies

Source: Asquith, Mast & Reed (2023) · Figure 2; PDF p. 39

Keep in mind: The main sample contains 96 buildings, and Zillow listings underrepresent cheaper rentals.

Share the evidence

Both comparison strategies turn negative after treatment; the vertical bars show uncertainty.

Source: Asquith, Mast & Reed (2023)
Figure: Figure 2 · Rent event studies · Figure 2; PDF p. 39
Keep in mind: The main sample contains 96 buildings, and Zillow listings underrepresent cheaper rentals.

Too many people are chasing too few homes. See why—and what communities can do about it.