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One of two things is happening. Either induced demand is real which implies if you bought a corn field in Idaho and built enough high density housing you coul
by JamesBarney 3y ago
One of two things is happening.
Either induced demand is real which implies if you bought a corn field in Idaho and built enough high density housing you could make the housing more expensive than Manhattan and walk away richer than god.
Or high demand drives housing density and high prices.
- jjav 3y ago> bought a corn field in Idaho For an example how trying to build something up artificially in the middle of nowhere can fail, see California City. OTOH, for a counterexample see Las Vegas. > Or high demand drives housing density and high prices. Yes, and it also drives even more demand and even higher prices. The premise of the OP is that you can make housing become cheap in an expensive city by building a lot more of it. If that works, there ought to be a few success story cities where it happened. Which ones are they?