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Reply to "Cities with No Children"
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[quote=Anonymous][quote=Anonymous]New York City is expensive because lots of people want to live there. Many other people don't live there because it is expensive. They live somewhere else. If you tried to reduce housing prices in New York City by increasing the housing supply and you actually did build enough units to affect prices, you would encourage more people to move there because now it would be within their budgets. That would push prices back up. In that scenario, I don't know what is accomplished, unless the goal is to encourage as many people as possible to live in New York instead of somewhere else. [/quote] Population of Manhattan, 1950: 1,960,101 Population of Manhattan, 2010: 1,585,873 Population of Brooklyn, 1950: 2,738,175 Population of Brooklyn, 2010: 2,552,911 I don't know where people get the idea that cities are full and there's no more room. [/quote]
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