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[quote=Anonymous][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. 
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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]

Developers build what's profitable for them, which is luxury condos, not affordable housing.  This helps nobody.  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]

1. They build with as much "luxury" as they do because we limit supply so much. If auto producers faced a legal  limit on total cars produced they would only produce luxury cars.  Increase supply, increase competition, there will be fewer luxury touches added

2.  Even so, new housing is costly to build.  Markets in the US produce affordable housing when we allow housing to age. There are plenty of old apts in the DC area that are too expensive, because housing is scarce.  Build more supply, get more people from those older buildings into the new ones, and the landlords of the older ones will need to cut rents to fill them

3.  DC and some suburbs have actual inclusionary zoning requirements - to build more high end units, they have to build income limited units as well.

4. The same NIMBYs who oppose market rate units, generally also oppose new committed Affordable Housing - you won't get more low income housing by preventing new supply. [/quote]

Every large metro area has sprawling suburbs, do you think NYC doesn't have them? They go on and on and people commute, and population of NYC metro isn't car free! Many people in residential boroughs own cars, only poor do not. Everyone who can afford one, has one, even families in Manhattan. Cars aren't going away, they provide comforts and convenience, not just the only plausible transit option, NYC is struggling to no avail in reducing number of personal vehicles on the roads despite all the PITA associated with car ownership and the heavily used functioning PT.

Can you make mass transit comfortable and as convenient as a personal vehicle for people who don't live in parts with 90+walkscore and have places to go not accessible by PT on weekends?

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