4 ms·
"Why more density? What will that accomplish?" The general idea is that more housing supply should drive the cost of housing down.
by minimax 14y ago
"Why more density? What will that accomplish?"
The general idea is that more housing supply should drive the cost of housing down.
- jkubicek 14y agoIs there any evidence this wouldn't be temporary? I don't know of any US cities with high density cheap housing.
- rayiner 14y agoIt's temporary in the sense that people just move in until prices go up, but the equillibrium supports a lot more people. E.g. housing prices in San Francisco are approaching those of Manhattan, even though the latter has twice as many people in half the space. In comparison, downtown Chicago is similarly dense to downtown SF, but housing is about half the price (thanks to liberal policies in the 1970's that allowed free development of tons of 25+ story high rise apartment buildings).