Reply to Increasing density drives low-income minorities out of DC, new study shows

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So move to loudon county if you don’t want density.[b] The fact is, housing is unaffordable because there isn’t enough of it.[/b] [/quote]

This is just wrong.

Increasing density drives housing prices up, not down.

If you have a bunch of people living in a small area, then businesses will want to be there too because they want foot traffic. As bars and grocery stores and restaurants and boutiques move in, then more people want to live there too. So more condos and apartments are built. That brings even more bars and grocery stores and restaurants to the area, which makes even more people want to live there, and housing prices go to the moon.

This has happened over and over and over in neighborhoods across DC. Look at Navy Yard (before that 14th Street, and before that U Street, and before that...)[/quote]

A well-known phenomenon in economics - the price increases when the supply increases.

Wait, what?[/quote]

Uh, well, I didnt make this up. Economists have talked about this for years. There's academic papers written about it. [/quote]

There are academic papers written about economic models, which are based on assumptions (because that's how models work), which the academics themselves explicitly say do not reflect the actual real world we live in.

But if you want to test it out in real life, then you can go to McPherson, Kansas (for example) and start building housing. Let us know in a few years whether the housing has generated people to live in it.[/quote]

You could also just walk over to Navy Yard.

There's way, way, way more housing there than there was ten years ago.

And it is way, way, way more expensive than it was ten years ago.

And this is how increasing density drives low-income minorities out of the city.

The recipe is to buy houses from black people who've been here forever, knock them down and replace them with million-dollar condos that will mostly be bought up by high-income white people. [/quote]

How many houses were there in the Navy Yard area, owned by black people who had been there forever, before the building boom started there?

Also, is Navy Yard its own self-contained real estate market, or is it part of the DC real estate market and the real estate market of the DC metro area?[/quote]

"In the Navy Yard neighborhood, about 77 percent of residents were identified as low income in 2000. Sixteen years later, that population dropped to 21 percent.

Most of the people pushed out of these economic hot spots are black and low income, according to the data."

https://www.washingtonpost.com/local/in-the-district-gentrification-means-widespread-displacement-report-says/2019/04/26/950a0c00-6775-11e9-8985-4cf30147bdca_story.html?outputType=amp[/quote]

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