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If more highways doesn’t fix traffic, how does more housing reduce housing cost? It would seem to merely increase the population.
by 7e 4y ago
If more highways doesn’t fix traffic, how does more housing reduce housing cost? It would seem to merely increase the population.
- anticensor 4y agoHousing does not induce reproduction in the same manner as wider highways do more cars.
- closeparen 4y agoWe aren't advocating new housing because we think it will sit empty. That would be weird! The point is that on the margin, more people will be able to fulfill their desire to live in the region instead of being priced out. All induced demand says is that roads work similarly. With a road expansion, more people fulfill their desires to take more and longer car trips, instead of staying local to avoid traffic.