Which actually means new inventory supply is about the same, it just sells faster.I am addressing this in my last two monthly videos (on my profile page): we have a chronic housing shortage and ever increasing demand from more and more millennials looking to buy. 40% of all transactions are now involving someone of the age of 38 or younger.

We have a housing shortage and these incentives allow us to help the community and turn a profit at the same time!

The landlord is the enemy and the city feels the community wide issue of a acute housing shortage should be the burden of a small subset of the residents.  

Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low.

Also recognize what a 50% population decline implies for appreciation and rent growth.Typically tenant friendly laws are enacted because of crazy low vacancy numbers (I.e. housing shortage) and even with the tenant friendly laws the power is with the LL.  

I was under the impression that KC had the same shortage of available units that we are having over here in Topeka? 

Our market has a major housing shortage, so there are always people in need of a place.

My market has a significant housing shortage (low vacancy rate).  

We experienced the same situation (housing shortage) and I bet 85% of the people were tire kickers.

The housing shortage drives the appreciation and rent growth much more than affordability limits them.