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Metropolitan DC Local Politics
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]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] Right, let's not build any housing at all. Great solution. [/quote] Or how about considering policy measures to release existing supply that is being withheld from the market? There is a lot of already built housing that should be occupied by people and families but instead is sitting vacant. It’s a ridiculous expenditure of resources, including the embedded GHG emissions, to build first rather than trying to release this supply. [twitter]https://mobile.twitter.com/chrisarvinsf/status/1197719557701455872[/twitter][/quote] Vacancy is not a problem. Please, take 1 minute and imagine a world with 0% vacancy. How would anyone, ever, move to a new apartment? NIMBYs love to talk about vacancy. It's not a problem.[/quote] I do wonder what your problem is. The chart clearly has a category of vacancy for rent and it’s a minute portion of the vacancies. I don’t know if you play dumb or actually are dumb but it’s really interesting to behold. [/quote]
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