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> For these reason, they're going to oppose any new supply entering the market. Nobody is opposed to new supply entering the market. The opposition is 100% abo
by Supermancho 6y ago
> For these reason, they're going to oppose any new supply entering the market.
Nobody is opposed to new supply entering the market. The opposition is 100% about the devaluation of the area, which is not about the supply per se. If you wanted to build a block up with 500 units which had adequate parking and everyone's homes/land would increase in value 5%, you would have widespread support. The problem of density is solved with substandard buildings that cut corners, alongside the increased density in Southern California.