It essentially never happens. What can happen is that you develop new neighborhoods so the city overall becomes less expensive. Edit: If you disagree it's quit

It essentially never happens. What can happen is that you develop new neighborhoods so the city overall becomes less expensive. Edit: If you disagree it's quite simple to simple mentioning the relevant market were this has happened instead of downvoting. This emotionalism of HN is really getting annoying these days. Prices almost never go down organically because it actually gets harder to build as things gets more developed, stake holders would have to take real losses to the detriment of the local economy, housing in these areas are almost essentially always a sellers market etc. The "just build more" meme on HN is BS. In essentially no popular cities where this have been done have prices gone down or necessarily stabilized including the common examples of NY, HK or Paris.