3 ms·
It is not different with housing, unfortunately. Singapore, Shanghai, NYC, SF, LA, won't get cheaper if they build more housing. Nevertheless, I completely hop
by TedShiller 5y ago
It is not different with housing, unfortunately. Singapore, Shanghai, NYC, SF, LA, won't get cheaper if they build more housing.
Nevertheless, I completely hope that I'm totally wrong on everything I said. It would mean that I might finally be able to afford to buy a house in those places.
- space_fountain 5y agoWhy do you believe that? There are literally tons of studies showing more housing reduces prices and basically none showing increased prices. Look I think you are right that SF will never be as cheap as rural Ohio or something, but the idea that building housing will make the problem worse seems just wrong.