&gt; So how does that translate to rental markets then for housing?<p>Fairly directly; housing usually doesn&#x27;t have a monopoly supplier.<p>&gt; Are you simply saying that more housing would be built to accomodate the new renters at a rate they could afford?<p>Basically, yes; rental housing competes with other real estate uses; more money chasing rental housing means more situations where those wishing to purchase (perhaps also [re]develop) real estate for that purpose can outbid other uses and&#x2F;or pay the necessary development fees, etc., to do so.