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I like the article but this nit bugs me: >Some residents can afford more expensive homes as a limited supply increases demand, but those that can’t are pushed
by plankers 7y ago
I like the article but this nit bugs me:
>Some residents can afford more expensive homes as a limited supply increases demand, but those that can’t are pushed away into more precarious living situations and longer commutes.
Limited supply doesn't affect demand, they're largely independent unless you look at induced demand, but that mostly affects things like roads and power lines. It should say something like:
>As demand rises, the limited supply increases price.
or
>As supply outstrips demand, prices become unaffordable for large segments of the population.
It's just slightly wrong to indicate a causal relationship between supply and demand in the housing market, which is kinda what this whole page is about.