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But building more housing does lower rent in big cities? It's status quo in tokyo, and it even happened locally where a mini-condo boom caused condo prices to
by novok 4y ago
But building more housing does lower rent in big cities? It's status quo in tokyo, and it even happened locally where a mini-condo boom caused condo prices to stay flat around that area, while SFH house prices went up. Condos in other regions nearby continued to go up in price, where there wasn't a condo building boom.
- TedShiller 4y agoGo to any big US city with dense housing and tell me rents there are low. For people always referencing Tokyo -- why aren't you living in Tokyo then?
- singron 4y agoYou really aren't talking about the same thing. It's not like you can add 100 housing units to an area one time and achieve affordable housing indefinitely. The housing units have to be added to meet increases in demand. The idea I think you are assuming is that supply causes demand (i.e. demand will always rise to meet supply), and that the supply-demand curve is flat to maintain price regardless of supply.
- imtringued 4y agoThe supply and demand curve of land is so steep and vertical you would think it should be impossible.