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The article addresses exactly this "myth" in the 3rd to last paragraph. A different way of stating what you're saying is that the new supply hasn't existed lon
by sushisource 9y ago
The article addresses exactly this "myth" in the 3rd to last paragraph.
A different way of stating what you're saying is that the new supply hasn't existed long enough, which is probably true, but it's not necessarily an indication of a problem with the market.
- evanlivingston 9y agoWait and see if it trickles down? There's a lack of affordable housing. Isn't that a problem with the market?
- sushisource 9y agoSure, but what's the alternative? Magically conjure more supply into existence? Or, you mean, enforce policy that artificially controls rent, which as mentioned in other comments on this post, is basically a fancy way of pretending the problem doesn't exist and has knock-on bad side-effects.
- evanlivingston 9y agoI don't mean to say don't build high density housing. I think it's a strong part of keeping housing affordable. However I think it's important to keep in mind that building a ton of units and not having other policies in place isn't going to magically get us lower rents.
- oconnore 9y ago> keep in mind that building a ton of units and not having other policies in place isn't going to magically get us lower rents. No, that will actually "magically" get you lower rents, for some definition of "a ton".
- evanlivingston 9y agoLol