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Spurious correlations generally don't go in the opposite directions of the direction of causality. If you travel around the world in a snapshot in time, you fi

by ddxxdd 7y ago

Spurious correlations generally don't go in the opposite directions of the direction of causality. If you travel around the world in a snapshot in time, you find that there's a positive correlation between density and rent prices. If you stay in one location over decades, you would still see a positive correlation between density and rent prices. I have never heard of an increase in development bringing downward pressure on rent prices. Edit: that doesn't even bring into focus the effects on traffic, on costs-of-living outside of housing, on infrastructure, etc. From what I've seen in Ann Arbor, overdevelopment almost breaks the competent functioning of the city government.

jjeaff 7y ago
>I have never heard of an increase in development bringing downward pressure on rent prices. Can you offer up a plausible theory as to how more housing could possibly create upward pricing pressure on rent prices? It's simple supply and demand. You can't "see" downward pricing pressure if the price of housing is still climbing nonetheless due to demand still growing faster than supply. What do you think would happen if the number of available housing units in the bay area doubled over night? You think everyone would be able to keep raising the rent and keep their units rented at the same prices? Of course not, the empty units are going to cut prices to attract buyers/renters.