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The article author argues that more housing = more people = more powerful network = increased value of housing = increased willingness to pay = increased prices
by milesskorpen 7y ago
The article author argues that more housing = more people = more powerful network = increased value of housing = increased willingness to pay = increased prices; and I think the author is concerned that the increased prices from network growth outpace, or at least keep pace, with decreased cost from increased stock. I don't think this is fundamentally at odds with supply and demand - one force is shifting the whole curve, while the other is moving the city along the curve.
- kds3 7y ago> more housing = more people It's not always right. If we build more housing in Siberia we won't have more people there. A lot of people just hate LA or NY or SF with some reason.
- milesskorpen 7y agoI think the article is pretty explicitly talking about existing cities. Not Siberia.