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Metropolitan DC Local Politics
Reply to "So does everything have to be YIMBY vs NIMBY now? "
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[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] This is why it costs way more to live on U Street than it does in Shepherd Park. [/quote]
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