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I believe in a variation of your statement: we should stop making already dense places ever more dense. It's that dynamic that makes it an impossible problem t
by iteratethis 3y ago
I believe in a variation of your statement: we should stop making already dense places ever more dense.
It's that dynamic that makes it an impossible problem to solve. Even if you temporarily add new supply, it will immediately be consumed, and new demand keeps coming in. Every small step of new supply will be ever harder to achieve, and the quality of life will get ever worse.
It's a total dead-end.
Instead, reorganize society. Instead of 3 mega cities, have 20. Have a 100, across different tiers. Reconsider where work is organized.
- missedthecue 3y agoI like to think of it as the induced demand problem, but for housing instead of highways. If 1000 new NYC condos are built, it will induce demand to live in NYC rather than reduce the cost of NYC housing. Some say more people living there is a good thing in an of itself but they are going to be disappointed if their real goal is lower housing prices. It's just like highways. Adding another lane will increase throughput which may be a good end by itself, but it will never cure traffic.