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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]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. 
[/b]

That assumes that if rents went down in NYC by even 1%, lots more people would move there.  It assume a homogeneity of preferences for urban living that is unrealistic - in English - even if NYC were cheaper, there are lots of people who do NOT want to live there.

second if that DID happen - more people living in NYC - it would reduce green house gas emissions, because NYC is the most GHG efficient place in the USA.

Similar things apply to DC.  [/quote]

[b]Developers build what's profitable for them, which is luxury condos, not affordable housing.  This helps nobody[/b].  Would you move from a 3K a month rowhouse rental or an older building 2 bedr apartment to a 3K a month one bedroom luxury apartment in the same area? [/quote]

Ding Ding! In DC, when people talk about adding to the housing stock, they're really just talking about building more luxury condos. They never EVER actually build affordable housing. [/quote]

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