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> Do you think induced demand might be a problem? It's been shown that by increasing the size of highways, for example, you increase traffic The thing with ind
by nordsieck 7y ago
> Do you think induced demand might be a problem? It's been shown that by increasing the size of highways, for example, you increase traffic
The thing with induced demand is, everyone admits that it's possible to out build induced demand - it's just impractical to do so, so it rarely happens. The housing equivalent of induced demand (people who live in suburbs moving to the city) is a very real phenomenon, but it's inherently self-regulating. If people avoid living in the city because of cost, they'll stop moving in when the price stops coming down.
Luckily for housing, while the main reason we don't have infinite transportation infrastructure is cost, the main reason we don't have infinite housing is regulation which is inexpensive (in theory) to remove.