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I thought they meant homeowners by property owners rather than developers. While selling to a developer for density would benefit the initial sellers it would c
by Nasrudith 6y ago
I thought they meant homeowners by property owners rather than developers. While selling to a developer for density would benefit the initial sellers it would cannibalize the value of other houses by fulfilling demand.
- zepto 6y agoGenerally that isn’t how it works. More density usually doesn’t come close to satisfying actual demand, but it does make the existing real estate more valuable.
- imtringued 6y agoIt doesn't get close because of the size of the problem. If 85% of real estate is single family housing then how is a 1% increase in density supposed to solve the problem? > but it does make the existing real estate more valuable. No it doesn't. Existing real estate is valuable because there is a mismatch between commercial and residential real estate. By building more residential real estate you are reducing the mismatch.