The only places people will build high rise apartments is where there’s a demand for it, near concentrations of jobs. Having more housing allows more people to

The only places people will build high rise apartments is where there’s a demand for it, near concentrations of jobs. Having more housing allows more people to live there which will lead to more people having jobs there. Imagine if you doubled the population of Manhattan. Finance in the US would become even more concentrated there and they’re well paid. By allowing agglomeration effects[1] to work more more housing could lead to higher housing prices. The solution to this is to build more housing. If you increase supply enough prices will fall. [1] Tech and Silicon Valley, Fashion and New York, Oil and Texas, if you want to be in X industry you go to Y city. It’s easier to get a job, the jobs are better and better paid, there are more people doing the job. https://en.wikipedia.org/wiki/Economies_of_agglomeration https://en.wikipedia.org/wiki/Economies_of_agglomeration