You're absolutely right! Induced demand is a real concern that merits careful consideration and study. Fortunately for us, the relevant professionals are keenl

You're absolutely right! Induced demand is a real concern that merits careful consideration and study. Fortunately for us, the relevant professionals are keenly aware of this real and important concern! It's been studied quite explicitly in San Francisco. One of the results was that in a fairly representative new residential tower, in excess of 80% of households moving in were doing so from San Francisco. Induced demand is a real and important phenomenon we should all consider carefully in our urban planning. Yet, we should also consider that demand for housing in attractive regions like San Francisco is perhaps somewhere short of infinite.