If you really believe this is the root cause of rents going higher you aren’t paying attention. We are going through a chalennging high inflation phase. Look at the prices of land, building materials, skilled labor, etc. Now add on top of this borrowing costs have 2-3x’d in less than a year. Asheville isn’t the easiest place to create more supply with crazy topo changes. So its incredibly challenging to add new units at the same time as demand is sky high because its a nice place to live that is still somewhat reasonably priced compared with other arguably less desirable metros in the US and around the world. Software is an easy bogey man though so I understand the sentiment.