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Actually, you want to maintain scarcity to keep supply low relative to demand.
by twblalock 9y ago
Actually, you want to maintain scarcity to keep supply low relative to demand.
- timothycrosley 9y agoIt's more complicated than that. Yes by increasing density, you are increasing supply of housing units, but you are also increasing the demand for your property - as now it's not only a single family that would be looking to buy it but but someone building a highrise. Also, counterintuitively, because your allowing houses to be torn down for apartment buildings etc, the supply of SFH actually goes down, and there will always be demand from some for SFH over condos etc. And since most cities can't keep up with the number of people who want to live in them, by allowing more young people to move to the city in apartments, your also increasing future demand as they grow up.