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So you are telling me that if magically 10 million new housing units popped up in any of these cities that it wouldn't have an effect on the price of housing at

So you are telling me that if magically 10 million new housing units popped up in any of these cities that it wouldn't have an effect on the price of housing at all? Boy do I have a bridge to sell you..

RHSeeger 2y ago
That's kind of a straw man argument there, because that's not at all what they are telling you. I don't necessarily agree with what they're saying, but - I would assume it's literally impossible to drop 10 million new housing units in any city - What is the maximum amount of resources it's possible to get to build houses (assume one or more billionaires contribute it, just for the sake of argument) - So, how many housing units _can_ you drop into a given city, given those resources - Once those housing units are up and running, how many new people will move to the city - End game, did the maximum number of houses that were added to the city actually decrease the amount of homelessness in the city
- thephyber 2y ago
  It’s not a strawman, it’s a thought exercise to point out that supply and demand do affect both price and availability of units.
  - cyberax 2y ago
    The magical unicorns also affect the housing prices. Let's continue your analogy: as a side effect of magicking 10 million units, it will also attract a horde of goblins that will take all these new units, making them unavailable for humans. And drive up the prices even further.
  - RHSeeger 2y ago
    Yes, supply and demand do affect both price and availability of units. But the person you're replying to seemed to be indicating that they're not the _only_ things that effect price and availability of units. And, specifically, the other facts will work out to prevent homelessness from being reduced.
    - mixmastamyk 2y ago
      Necessary but not sufficient. In particular, a nationwide problem. A million units need to drop in most counties to avoid increasing migration.
cyberax 2y ago
OK. Suppose I magically erased all the cities and replaced them with single-family homes equipped with teleporters?

RHSeeger 2y ago

That's kind of a straw man argument there, because that's not at all what they are telling you. I don't necessarily agree with what they're saying, but - I would assume it's literally impossible to drop 10 million new housing units in any city - What is the maximum amount of resources it's possible to get to build houses (assume one or more billionaires contribute it, just for the sake of argument) - So, how many housing units _can_ you drop into a given city, given those resources - Once those housing units are up and running, how many new people will move to the city - End game, did the maximum number of houses that were added to the city actually decrease the amount of homelessness in the city

thephyber 2y ago
It’s not a strawman, it’s a thought exercise to point out that supply and demand do affect both price and availability of units.
- cyberax 2y ago
  The magical unicorns also affect the housing prices. Let's continue your analogy: as a side effect of magicking 10 million units, it will also attract a horde of goblins that will take all these new units, making them unavailable for humans. And drive up the prices even further.
- RHSeeger 2y ago
  Yes, supply and demand do affect both price and availability of units. But the person you're replying to seemed to be indicating that they're not the _only_ things that effect price and availability of units. And, specifically, the other facts will work out to prevent homelessness from being reduced.
  - mixmastamyk 2y ago
    Necessary but not sufficient. In particular, a nationwide problem. A million units need to drop in most counties to avoid increasing migration.

cyberax 2y ago

OK. Suppose I magically erased all the cities and replaced them with single-family homes equipped with teleporters?