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Technically increasing the housing supply would make rent cheaper. But realistically it won't because it's not possible to build enough housing to increase the
by BinaryIdiot 10y ago
Technically increasing the housing supply would make rent cheaper. But realistically it won't because it's not possible to build enough housing to increase the supply enough to tip the scales in demand versus supply.
They start building more and those houses are going to be just as expensive as the existing housing.
- muzz 10y agoBy technically you seem to mean "all else being equal". The difference between that and reality is that when housing is created, it does indeed change things. Build some nice housing in a decrepit area (Shipyard, etc) and housing values will indeed go up because desireability has increased.