3 ms·
That would depend on the price elasticity of the existing housing stock in response to each additional unit of housing that is supplied to the market. It's conc
by hkmurakami 10y ago
That would depend on the price elasticity of the existing housing stock in response to each additional unit of housing that is supplied to the market. It's conceivable that the marginal decrease in tax revenue from the existing stock would be more than offset by the additional tax revenue from the one additional unit.