2 ms·
> How can it not be expensive ? By having supply increasing with demand. It will likely never be as cheap as some place in bum fuck nowhere. But it could stil
by panick21_ 3y ago
> How can it not be expensive ?
By having supply increasing with demand.
It will likely never be as cheap as some place in bum fuck nowhere. But it could still be much cheaper.
Specially if you take into account both living and transportation cost.
- xp84 3y agoYou are assuming that demand is not elastic though. If 1,000,000 more houses were built in the desirable parts of CA and filled with new residents, are you completely sure that there wouldn’t still be at least as many people seeking to live there as this year? It would still be just as temperate and any dip in prices would be seized on as a great opportunity to snap up a home, increasing demand. I suspect the equilibrium price of housing would barely change at all. I am still very pro-development, but I don’t actually think it would get cheaper to live in these places - just because there’s such a plentiful supply of more people to move there.