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Induced demand applies to roads because people have a choice whether to drive or not. But they don't have a choice of whether they need a house or not. For hous
by pcwalton 8y ago
Induced demand applies to roads because people have a choice whether to drive or not. But they don't have a choice of whether they need a house or not. For housing it's not induced demand--it's just demand.
- toast0 8y agoSome people choose not to live in the Bay Area (or SF specifically) because prices are too high. Or they choose to live with more people per unit of housing because of pricing.