Mises Wire
Author:
Douglas French
Online Publish Date:
for multifamily housing surged and rents increased 25 percent. But now, that growth has disappeared. Parker identifies Phoenix, Atlanta, and Las Vegas as markets gain zoning approvals, and collect bids for construction to determine whether the economics supports construction of the project. Low interest rates make more projects rent to move into a new apartment. As Murray Rothbard explained succinctly in Economic Depressions: Their Cause and Cure , The business cycle is brought about, not