<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>ajxs</author><text>There were other factors at play. Many professionals transitioned to a permanent work-from-home arrangement, which caused a large interest in more affordable property outside of the major cities. Since things have gone back to the &amp;#x27;old normal&amp;#x27; the rental prices in Sydney have gone absolutely insane. The average price for even mediocre apartments close to the city is around $1000 a week.</text><parent_chain><item><author>denismi</author><text>So we tested this in Australia.&lt;p&gt;We shut our borders suddenly and unexpectedly for two years, going from a long-run rate of over 1% net immigration to negative overnight. Meanwhile, we kept development approval and construction going largely unperturbed.&lt;p&gt;Our housing market responded with a two year long bull-run.&lt;p&gt;As convenient as it is to blame immigrants, I don&amp;#x27;t think it&amp;#x27;s true.</text></item><item><author>quacked</author><text>The rate of immigration to developed countries far outpaces the rate of building new dwellings in developed countries. Net growth YoY for places like the US, Canada, UK, Australia all tell the same story. Several traditionally less-developed countries are also seeing the rural hinterlands drain and immense internal migration to urban areas.</text></item><item><author>ericmcer</author><text>This seems like a global phenomenon. What is happening? Is this related to globalization? It feels wrong to blame any countries internal policies when it seems to be happening in every country simultaneously.</text></item><item><author>Ecstatify</author><text>The rent in Ireland is insane for the quality you get. My GF and I are currently living in my parents house. Collectively we earn ~€200K. New homes are in limited supply. Existing homes are poor quality but demand has increased the prices dramatically. We were looking at a new development and they increased the price by €80K. For a lot of people owning a home is
becoming unrealistic.</text></item></parent_chain></comment><story><title>Show HN: Rental data supplied by tenants in Ireland, searchable by all</title><url>https://www.howmuchrent.com/</url><text>I created &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.howmuchrent.com&quot; rel=&quot;nofollow noreferrer&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.howmuchrent.com&lt;/a&gt; last Friday to help bring this kind of transparency to Ireland, allowing people to submit their rents. Would love to get any HN feedback on the idea&amp;#x2F;website.</text></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>tick_tock_tick</author><text>2 years can&amp;#x27;t make up for decades of being behind schedule. Throw in low interest rate and government&amp;#x27;s throwing money everywhere it&amp;#x27;d be much more shocking if anything else happened.</text><parent_chain><item><author>denismi</author><text>So we tested this in Australia.&lt;p&gt;We shut our borders suddenly and unexpectedly for two years, going from a long-run rate of over 1% net immigration to negative overnight. Meanwhile, we kept development approval and construction going largely unperturbed.&lt;p&gt;Our housing market responded with a two year long bull-run.&lt;p&gt;As convenient as it is to blame immigrants, I don&amp;#x27;t think it&amp;#x27;s true.</text></item><item><author>quacked</author><text>The rate of immigration to developed countries far outpaces the rate of building new dwellings in developed countries. Net growth YoY for places like the US, Canada, UK, Australia all tell the same story. Several traditionally less-developed countries are also seeing the rural hinterlands drain and immense internal migration to urban areas.</text></item><item><author>ericmcer</author><text>This seems like a global phenomenon. What is happening? Is this related to globalization? It feels wrong to blame any countries internal policies when it seems to be happening in every country simultaneously.</text></item><item><author>Ecstatify</author><text>The rent in Ireland is insane for the quality you get. My GF and I are currently living in my parents house. Collectively we earn ~€200K. New homes are in limited supply. Existing homes are poor quality but demand has increased the prices dramatically. We were looking at a new development and they increased the price by €80K. For a lot of people owning a home is
becoming unrealistic.</text></item></parent_chain></comment><story><title>Show HN: Rental data supplied by tenants in Ireland, searchable by all</title><url>https://www.howmuchrent.com/</url><text>I created &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.howmuchrent.com&quot; rel=&quot;nofollow noreferrer&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.howmuchrent.com&lt;/a&gt; last Friday to help bring this kind of transparency to Ireland, allowing people to submit their rents. Would love to get any HN feedback on the idea&amp;#x2F;website.</text></story>