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It does in places with reasonable zoning laws. Taking a lot with one 1-story house on it and replacing it with two 2-story houses (or, say, a 4-story apartment
by jonas21 6y ago
It does in places with reasonable zoning laws. Taking a lot with one 1-story house on it and replacing it with two 2-story houses (or, say, a 4-story apartment building) is essentially "growing" new land. And higher housing prices cause people to reduce the square-footage they occupy as well.
- maxsilver 6y ago> It does in places with reasonable zoning laws I don't know why anyone would believe that. It doesn't even work in places with no zoning restrictions at all. Building up gets you more housing, sure, but it also costs way more cash per square foot, it inherently drives the price of all nearby housing higher. > higher housing prices cause people to reduce the square-footage they occupy as well. This is just "famine" being spun as a benefit. "Bread prices at $10,000 per loaf and rising is good, actually. It will help those silly obese Americans lose weight!"
- sudosysgen 6y agoThere are places with extremely lax zoning laws and very high population densities where housing is still incredibly expensive. Your point is apriorism and not supported by evidence.