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That's still an oversupply caused by a fall in demand, not a rise in supply, so it isn't correct to say, as the parent seemed to imply (in a Glenn Beck, wink wi
by hx87 10y ago
That's still an oversupply caused by a fall in demand, not a rise in supply, so it isn't correct to say, as the parent seemed to imply (in a Glenn Beck, wink wink sort of way) that too much construction in places like North St Louis caused the problem. People moving out of a jurisdiction lowers the tax base and hurts the economy; building more housing does not.
- dionidium 10y agoPeople moving out of a jurisdiction lowers the tax base and hurts the economy; building more housing does not. We're just taking turns flipping over the same coin. The people can't move unless you build new houses. Lack of demand for inner-city housing drives an oversupply of total housing units in the region.