3 ms·
> Many usages of "induced demand" in this debate are really talking about increase in quantity demanded, i.e. more people will buy housing at a lower price. P
by majormajor 6y ago
> Many usages of "induced demand" in this debate are really talking about increase in quantity demanded, i.e. more people will buy housing at a lower price.
Pretty much every market of interest for this debate is supply limited, so more people CAN'T buy housing if all that changes is price. It just becomes more of a lottery.
That's not what I nor the linked article are talking about - more an idea that continual growth may not necessarily ever lead to long-term downward price movement.