2017-03-31 / Letters

More does not lower rents

To the editor:

Several landlords and developers who spoke at the March

13 South Portland City Council workshop claimed that the only way to lower rents is to build more apartments.

Here are some real life examples:

 In 2005 when 43 apartments were built near the airport, nearby rents did not go down; they continued to climb.

 In 2006 when 66 apartments were built near the previous 43, nearby rents did not go down; they continued to climb.

 In 2007 when 30 apartments were built near the previous 66, nearby rents did not go down; they continued to climb.

 When a large apartment complex was built even closer to the airport that same year, it ushered in rent prices that were among the highest in the region and comparable to those in greater Boston. Nearby rents continued to climb.

 In 2013 when 48 apartments were built near Interstate 295, nearby rents did not go down; they continued to climb.

 In 2016 when 44 apartments were built in the center of town, nearby rents did not go down; they continued to climb.

I hope those landlords and developers who spoke at the workshop will follow up and provide real examples that prove the “more apartments equals lower rents” theory which, if true, would solve numerous problems for all of us. Examples from across the river or from other nearby suburbs would also be helpful. I’ve thus far been unable to find any.

Adrian Dowling South Portland

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