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]Most of "downtown" Arlington; Cathedral Commons, the Wharf, Navy Yard, 14th Street, H Street, U Street, Bethesda Row, Pentagon Row, I could go on, just in the DC area.[/quote]

Haven’t all those places gotten MORE expensive?[/quote]

You're missing the point. Development of a particular piece of land is going to be done because it can be converted to a higher use, so yes, the thing you build is going to be more expensive than the thing it replaces. It would be hard to get people to put money up otherwise. The idea is that by building more housing you increase the supply and prices across the market don't rise as much as they would have otherwise.

It's hard to prove whether it works or not because you can't run controlled experiments. Who knows what prices in DC would be if Cathedral Commons hadn't been built? It's just too speculative. [/quote]

In other words, YIMBY does not actually produce the benefits that it's proponents tout [/quote]

No, in other words nobody really knows. [/quote]

The proponents tout benefits that never actually occur, I think that counts as knowing. [/quote]

But that's simply not true. The PP a few posts ago is mistaken: we actually [i]do[/i] know full well that building more housing alleviates demand pressure on existing housing.

Here are some papers that examine this issue:

https://research.upjohn.org/up_workingpapers/307/
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3867764
https://docs.wixstatic.com/ugd/7fc2bf_ee1737c3c9d4468881bf1434814a6f8f.pdf
https://research.upjohn.org/cgi/viewcontent.cgi?article=1334&context=up_workingpapers
[/quote]

+1 to all of this. The recent research on this topic is very well done and very persuasive. If you're serious about answering the question, which of course a lot of people are not.[/quote]

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