Reply to Overriding local zoning to allow multi-family units in suburban neighborhoods in VA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

It would be like if New York decided to build apartments in Central Park. [b]You wouldn't expect living in Central Park to become cheaper than living in Queens.[/b] People would move into those Central Park apartments from other, less desirable places in the city. As those people left, other people would take their old units, moving into them from even less desirable places in the NYC metro area. Those least desirable places are where prices would fall.

As for MWCOG's regional goals, it's nice they wrote something down on paper but these are the same people who can't stop the public from abandoning in droves what used to be a world class subway system.

[/quote]

1. [b]Why owould people from Queens, etc who do not choose to move to near (not IN!) Central Park with current prices, do so when more units are built, UNLESS rents dropped near Central Park?  You have not chosen to show the intermediate variable that leads from more units to people making different choices.  Answer - the intermediate variable is PRICE.  More units  means lower prices means more people moving.  
[/b]
It won't make 5th Avenue cheaper than Queens now is - it WILL make it cheaper than 5th Avenue now is.  Ditto for however many steps there are along the way. Lower rents at each step.

2. A. MWCOG does not run metro  B.  Metro ridership is beginnning to recover.  C. Multiple jurisdictions are taking steps to meet those goals. [/quote]

and again, I have to spend lots of words responding to an argument that you would realize is non sense if you took some econ and understood something about a demand curve.

That is why I usually do not respond, and why "you can't explain your theory" is BS.

Its like trying to explain global warming to someone who doesn't know what a molecule is.  Its exhausting and fruitless. [/quote]

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