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]To the silly people saying building more housing doesn't work:

https://twitter.com/yitgordon/status/1523338237640843269

Try again.[/quote]

Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.[/quote]

Oh man, I wonder how it could be true that Washington DC has built housing and yet prices are increasing. Could it be that population is growing faster than the construction of new housing? No, that couldn't possibly be the case.

https://dc.urbanturf.com/articles/blog/since-2000-the-dc-region-added-twice-as-many-people-as-housing-units/15405[/quote]

It will always be true, no matter how many units we add. [/quote]

What's your point?[/quote]

Add all the housing you want. It will not make any difference to prices. There’s five million people in the suburbs and many of them would love a shorter commute.[/quote]
There is an underlying cost factor to all of this. Input factors on construction costs are land, materials, labor and regulatory. Every upzoning or new construction increases the underlying cost of land, which increases construction costs. It’s a game of chasing a moving target. There is no possible future, absent extrinsic factors, that would make new construction cheaper to the point that it produces new housing units that are “affordable” to the average household in any meaningful sense. Then there’s the obvious fact that new construction actually increases prices for adjacent properties and the idea that building to affordability just makes no sense. Builders will build when it’s economically and profitable for them to do so. [/quote]

You’ll know housing is getting cheaper when developers stop building[/quote]

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