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I don't know anyone who's "anti housing". Housing is an essential need for everyone. But putting more housing into an area that is already dense is not the answ

I don't know anyone who's "anti housing". Housing is an essential need for everyone. But putting more housing into an area that is already dense is not the answer, and it never has been. You should study induced demand. Has building more highways in LA improved traffic? No, it has only made it worse. Ever notice how every airport in the world is always under construction, and still always overcrowded? Yep, induced demand. https://en.wikipedia.org/wiki/Induced_demand https://en.wikipedia.org/wiki/Induced_demand

resoluteteeth 4y ago
"Induced demand" is not inherently bad. It means that people are doing more of something because they can. Induced demand also only occurs because demand is elastic. It is the natural result of supply increasing. It is often considered bad in the case of cars by people who are opposed to expanding roads specifically because if reducing traffic on roads or total miles driven is the goal then induced demand will not be a good idea, but it is important to realize that induced demand from expanding roads also means that more people are able to, for example, live farther away and commute longer distances in the same time. In other words, whether induced demand is good or bad depends on whether you want people to consume more of an elastic good or not from a policy perspective, which should probably be no in the case if driving cars. Housing is something that everyone needs, not something that people adjust consumption of based on availability. It is also something you want everyone to be consuming, so it is extremely weird to apply the idea of induced demand to it, unless you think that not everyone should have access to housing.
- TedShiller 4y ago
  Induced demand doesn't say what "should" or "shouldn't" happen. It doesn't have morality, it's a pattern. It says that building more housing in an area with expensive housing won't bring housing prices down.
  - resoluteteeth 4y ago
    > Induced demand doesn't say what "should" or "shouldn't" happen. It doesn't have morality, it's a pattern. It says that building more housing in an area with expensive housing won't bring housing prices down. Here is the definition of induced demand from wikipedia: > Induced demand – related to latent demand and generated demand[1] – is the phenomenon that supply increases result in price declines and increased consumption. Notice that it says "price declines" right there.
    - TedShiller 4y ago
      In practice this doesn’t happen in big cities. It only increases demand.

resoluteteeth 4y ago

"Induced demand" is not inherently bad. It means that people are doing more of something because they can. Induced demand also only occurs because demand is elastic. It is the natural result of supply increasing. It is often considered bad in the case of cars by people who are opposed to expanding roads specifically because if reducing traffic on roads or total miles driven is the goal then induced demand will not be a good idea, but it is important to realize that induced demand from expanding roads also means that more people are able to, for example, live farther away and commute longer distances in the same time. In other words, whether induced demand is good or bad depends on whether you want people to consume more of an elastic good or not from a policy perspective, which should probably be no in the case if driving cars. Housing is something that everyone needs, not something that people adjust consumption of based on availability. It is also something you want everyone to be consuming, so it is extremely weird to apply the idea of induced demand to it, unless you think that not everyone should have access to housing.

TedShiller 4y ago
Induced demand doesn't say what "should" or "shouldn't" happen. It doesn't have morality, it's a pattern. It says that building more housing in an area with expensive housing won't bring housing prices down.
- resoluteteeth 4y ago
  > Induced demand doesn't say what "should" or "shouldn't" happen. It doesn't have morality, it's a pattern. It says that building more housing in an area with expensive housing won't bring housing prices down. Here is the definition of induced demand from wikipedia: > Induced demand – related to latent demand and generated demand[1] – is the phenomenon that supply increases result in price declines and increased consumption. Notice that it says "price declines" right there.
  - TedShiller 4y ago
    In practice this doesn’t happen in big cities. It only increases demand.