Reply to Can anyone cite an example in which YIMBY policies have worked?

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Reply to "Can anyone cite an example in which YIMBY policies have worked?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s strange how people assume that if you just add housing units, then housing prices must fall. Um, the world doesn’t necessarily obey the tidy little dictums you learned in eighth grade economics. Sometimes demand and prices grow with supply. If you live long enough in DC, you know this from experience.[/quote]

true, the basic principals of market economics don't work in DC.  little known fact, there's a forcefield that reverses supply and demand within DC borders. [/quote]

There's nothing basic about reality.

Increasing supply may overall reduce costs, in the broader metro DC area.  But it may locally drive up prices (gentrification) in a specific area.[/quote]

You're conflating causality here in a way that's either disingenuous or ignorant. A place like Navy Yard didn't see rising housing prices because high density housing was built. High density housing was built because Navy Yard became more desirable, transitioning from an area dominated by warehouses, surface parking lots, and light industry into an actual neighborhood anchored by a ballpark and riverfront parks.
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The whole supply theory of housing is based on filtering. New “luxury” supply in one location, e.g. Navy Yard, will see depreciated former “luxury” stock in other areas become more affordable, e.g. upper Connecticut Ave. And so on.

You don’t seem to even understand the underlying theories of your own cause. So odd. [/quote]

What an odd non sequitur. I was specifically responding to your claim that increasing supply in a neighborhood may locally drive up prices.[/quote]
And that does happen too. Those old, crappy “modern” SW condos saw an immediate jump in prices thanks to the Navy Yard development. You seem to start with an agenda and then try to backfill arguments at any minute to support that agenda. That’s what leads you to make statements that deny basic YIMBY theory (which doesn’t work by the way) or reality. [/quote]

Seems like it's been largely flat since 2017, seasonal fluctuations aside: https://www.redfin.com/zipcode/20024/housing-market

Any other easily-disproven half baked "thoughts" about the housing market you'd like to share before I head home? I'm happy to respond on Monday to any you post over the weekend.[/quote]

This is probably the same PP who is arguing on the other thread that the fact that Manhattan has a lot of roads means DC needs to add more roads to become car friendly and economically successful like Manhattan.  [/quote]

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