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This is an instance of Jevon's paradox. The more housing you build to meet housing need of people then even more people will come in creating even larger demand
by snidane 7y ago
This is an instance of Jevon's paradox. The more housing you build to meet housing need of people then even more people will come in creating even larger demand for housing.
https://en.m.wikipedia.org/wiki/Jevons_paradox https://en.m.wikipedia.org/wiki/Jevons_paradox
- epistasis 7y agoDo you have any sort of academic citation that Jevon's paradox applies in any way to housing, or is this just an intuition?
- imtringued 7y agoJevons paradox is a nice example of bikeshedding. It doesn't change the decision making process at all because it looks like this: supply < demand: build more housing. demand > supply: build less housing If demand grows faster than supply then it just means that you need to build more housing. And let's be honest in a world with massive amounts of liquid capital but nothing worthwhile to invest into an infinite money sink that keeps increasing ROI the more you spend on it is actually almost magical and you know what? It's impossible in a world with physical constraints. You just haven't reached them yet.