4 ms·
Induced demand for housing is a fallacy. There's only a very very small range of living space that people want. Induced demand for highways definitely is not a
by epistasis 5y ago
Induced demand for housing is a fallacy. There's only a very very small range of living space that people want.
Induced demand for highways definitely is not a fallacy. People can go from needing zero highway miles a day, up to 60-90 highway miles a day, depending on where they live. This sort of range is an order of magnitude higher than what could potentially be induced by having access to, say, cheaper construction methods.
In fact, for housing, the opposite seems to occur. When there are more people in an area, people tend to take up less individual space. It's only when people live far away from anything that they seems to expand to 1000+ square feet/person.
- refurb 5y agoYou’ve got cause and effect backwards. More people in an area take up less space because it’s more expensive and vice versa when living far away. And of course you can induce demand with housing. If suddenly you could find $1,000/month 1 bed apartments in SF how many people you think would move there?