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How many people died during WW2? It all seems like supply and demand to me. If we want lower housing prices in major cities we need more supply. Anecdotal, L.A.
by happytrails 11y ago
How many people died during WW2? It all seems like supply and demand to me. If we want lower housing prices in major cities we need more supply. Anecdotal, L.A. is built to the max horizontally. If L.A. would allow more vertical space to be used prices would drop.
- Domenic_S 11y agoDing ding ding! When something that's in limited supply gets popular, it also gets expensive. If someone wants to argue that the limited supply is artificial, be my guest, but I have to point out that it's a lot easier and cheaper to build more humans (or move more humans in) than it is to build more housing for them -- after some inflection point demand will always outstrip supply. So we build Manhattan straight up, to the limits of engineering, and can now fit 8 million people (~5x more than today). Great, what happens to the next million people? They get priced out! It will always happen!
- josephpmay 11y agoBut LA is building vertically. Have you been downtown recently?
- timr 11y agoAbout 400,000 US citizens were killed in WW2, or about .0003% of the entire US population in 1945 (140M). It didn't have a huge downward impact on real estate prices.
- powera 11y ago400k is 0.3% of 140 million, not 0.0003%.