2 ms·

Luckily, without constraints on supply and demand, those things will quickly balance each other out. And if your rent went up, supply didn't. Supply, not gentr

Luckily, without constraints on supply and demand, those things will quickly balance each other out. And if your rent went up, supply didn't. Supply, not gentrification, is the problem in the SF/NY/Londons of the world.

majormajor 9y ago
Induced demand can cause both to go up, for extra fun times. You also seem to have missed the "or" presented by my hypothetical low-to-medium-density-city-dweller: either rents and housing prices get higher when you decide to move to my area, or my life changes in ways I don't want as a side effect of your increased supply. So now let's imagine I own property and can vote, etc. Which of those scenarios do you think this person is going to support? The one that at least gives me a nice valuable house, I'm betting. You still want to move here? Make it worth my while $$$-wise. I don't think most policy proposals for increasing density have enough obvious upsides for the incumbents to be very realistic.
- Eridrus 9y ago
  One of the interesting political tidbits I read was an article about a homeowner who had started voting against zoning laws because gentrification was making it so bad that their kids would have to move far away to be able to afford rent. You only get the realise the benefits of increased property values if you move away. A more valuable house also means more property taxes (unless you live in CA).
  - mistermann 9y ago
    > You only get the realise the benefits of increased property values if you move away. Unless the annual appreciation in value of your house is sufficient to quit your job and live on. The risk of course is, will it continue indefinitely.
    - Eridrus 9y ago
      This is essentially executing the "move away by dying" plan in slow motion, because you end up owning less and less of your house as a percentage, so you probably move deeper and deeper into debt.

majormajor 9y ago

Induced demand can cause both to go up, for extra fun times. You also seem to have missed the "or" presented by my hypothetical low-to-medium-density-city-dweller: either rents and housing prices get higher when you decide to move to my area, or my life changes in ways I don't want as a side effect of your increased supply. So now let's imagine I own property and can vote, etc. Which of those scenarios do you think this person is going to support? The one that at least gives me a nice valuable house, I'm betting. You still want to move here? Make it worth my while $$$-wise. I don't think most policy proposals for increasing density have enough obvious upsides for the incumbents to be very realistic.

Eridrus 9y ago
One of the interesting political tidbits I read was an article about a homeowner who had started voting against zoning laws because gentrification was making it so bad that their kids would have to move far away to be able to afford rent. You only get the realise the benefits of increased property values if you move away. A more valuable house also means more property taxes (unless you live in CA).
- mistermann 9y ago
  > You only get the realise the benefits of increased property values if you move away. Unless the annual appreciation in value of your house is sufficient to quit your job and live on. The risk of course is, will it continue indefinitely.
  - Eridrus 9y ago
    This is essentially executing the "move away by dying" plan in slow motion, because you end up owning less and less of your house as a percentage, so you probably move deeper and deeper into debt.