4 ms·
The general phenomenon is well known to those who study this kind of thing, but yep, building housing of any price helps reduce costs overall: https://en.m.wik
by mikeyouse 2y ago
The general phenomenon is well known to those who study this kind of thing, but yep, building housing of any price helps reduce costs overall:
https://en.m.wikipedia.org/wiki/Filtering_(housing) https://en.m.wikipedia.org/wiki/Filtering_(housing)
- nothercastle 2y agoDepends on if people live in it or buy as an investment and leave it vacant or air bb as often happens in London
- mikeyouse 2y agoNot really since those people would otherwise some different existing property to do the same thing with.
- nothercastle 2y agoI’m not going argue that that basic Econ does not indicate that this should help a bit with housing demand. The question is how much and is it really worth loosing a public institution for. The marginal utility for the general person of a public market seems higher than that of a couple extra housing units