As I wrote: by drawing new buyers from the peninsula via two obvious mechanisms: increased availability, and increased quality/dollar. Where current residents

As I wrote: by drawing new buyers from the peninsula via two obvious mechanisms: increased availability, and increased quality/dollar. Where current residents came from is irrelevant to my argument. I don't understand where you get this faith that small amounts of construction magically decrease prices. Even micro-econ supply/demand curves don't say that, because of the aforementioned exogenous purchasers.