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Induced demand refers to highways. Do you know of any studies demonstrating induced demand for housing? As a counterpoint, look at all the empty cities China b
by imgabe 3y ago
Induced demand refers to highways. Do you know of any studies demonstrating induced demand for housing?
As a counterpoint, look at all the empty cities China built in the middle of nowhere. According to the "induced demand" hypothesis, people should have materialized to occupy them, but that didn't happen.
Cities currently prevent the market from meeting even the regular demand, let alone any induced demand. Housing isn't going to get cheaper by not building housing.
- Alifatisk 3y agoAren’t those empty houses in China prone to break down? I think I remember seeing a video of a guy visiting one of those buildings and managed to kick through the wall and floor pretty easily.
- egberts1 3y agoYes, amongst others. https://www.reddit.com/r/gifs/comments/4nkkq7/apartment_buildings_in_china/ https://www.reddit.com/r/gifs/comments/4nkkq7/apartment_buil...