https://shelterforce.org/2019/02/19/why-voters-havent-been-buying-the-case-for-building/ https://shelterforce.org/2019/02/19/why-voters-havent-been-b... has a d

https://shelterforce.org/2019/02/19/why-voters-havent-been-buying-the-case-for-building/ https://shelterforce.org/2019/02/19/why-voters-havent-been-b... has a detailed examination of what happens after supply in one sub-market (say, mid-priced townhouses) increases. While I don’t agree with all of it, he brings up a key metric: “cross-price elasticity of demand” between sub-markets.