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You can't judge pricing in a market that's very restrictive. Sprinkling a few higher density buildings in area with rapidly growing demand isn't going to be en
by dkopi 11y ago
You can't judge pricing in a market that's very restrictive.
Sprinkling a few higher density buildings in area with rapidly growing demand isn't going to be enough to lower prices.
- maxsilver 11y agoWhat about markets with no restrictions. Because this same behavior is seen there too, even in small cities in the south or Midwest. Even in cities that let developers do anything they want, anytime they want to.
- dkopi 11y agoIts very likely that a newer apartment would be priced higher than an older apartment. But that doesn't mean new apartments don't have an aggregate effect on the prices of other apartments. http://cityobservatory.org/in-some-cities-the-housing-construction-boom-is-starting-to-pay-off/ http://cityobservatory.org/in-some-cities-the-housing-constr...