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Unfortunately, in areas where density drives value increasing supply also appears to increase demand. Move someplace affordable isn't seen as a solution in par
by nullc 2y ago
Unfortunately, in areas where density drives value increasing supply also appears to increase demand.
Move someplace affordable isn't seen as a solution in part because it's not an intervention, it's just something people can do.
- TeMPOraL 2y agoJevons Paradox. Build 2x the thing, whether it's roads or houses, demand only gets worse. Now I bet that expanding a road not by extra lane, but by ten of them, would exhaust all the "latent demand" and then some. Similarly, if the supply of housing were to increase tenfold, perhaps we'd run out of speculators? Then again, leverage means they can probably absorb infinite supply - just keep loaning and buying to keep the pyramid scheme going.
- rangestransform 2y agoAustin built enough to drop rent actually