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][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]
I do wonder why you feel the need to lie so much. When you add it to your basic ignorance it’s a sight to behold.

This small condo in an awful building increased in price almost 50% since it was last sold in 2012 as Navy Yard and the Wharf were incipient. 
https://www.trulia.com/p/dc/washington/800-4th-st-sw-s313-washington-dc-20024--2090404778

Your ideas have no bounding in basic fact or commons sense and you seem to be an incessant liar that has never progressed past a suburban high school level education. [/quote]

Oh, neat, I can cherrypick too. Here's a U street condo that's appreciated almost 50% since 2012: https://www.trulia.com/p/dc/washington/1390-v-st-nw-120-washington-dc-20009--2090304384

Did that happen because of development at Navy Yard, too? Or did that happen because there is still a persistent mismatch of supply and demand?

Also, "commons sense." lol. If you're going to talk down to and my supposed high school level education, at least have the decency to proofread your own keyboard vomit.[/quote]
Do you realize that you are now arguing that “filtering” doesn’t work and that new supply in neighborhoods increases prices? Because that is exactly what you’re doing but you’re too dumb to understand it because your whole point is that you just argue whatever you think is convenient at any moment to justify whatever you think will achieve the outcome that you want.

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