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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just because you build more houses doesn't mean prices necessarily fall. They could also go up as a result of more housing. Look at Navy Yard. Hardly anyone lived there 10 years ago. Now it's one of the most densely populated parts of the city. Because there's so many people there, lots of coffee shops and restaurants and other businesses want to be there too. Because they're there, many more people want to live there too. So prices go up because demand is going up and demand is going up because supply went up. Economics doesn't always work like the simple models you learned in seventh grade.  [/quote]

It's not just Navy Yard. This is the history of most neighborhoods in D.C. I'm old enough to remember when there was hardly anything along 14th Street. Now there's condos everywhere (density!) and yet it is way, way, way more expensive than it was 10 years ago. [/quote]

It’s almost like you don’t understand supply and demand.

There was no demand for housing on 14th st until it was safe and had amenities. Now that it’s in demand the prices have gone up. Nothing to do with density. In fact without that density the prices would be even higher given the same demand.

You can’t argue against math.[/quote]

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