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Metropolitan DC Local Politics
Reply to "Can anyone cite an example in which YIMBY policies have worked?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Look what is happening with mortgage rates. If you think adding more housing units is going to bring down prices anytime soon, you are going to be very disappointed. [/quote] What’s funny is that prices may actually come down as the rates keep rising, but affordability won’t. All of these people screaming about affordability looking only at nominal prices when the last decade was the most affordable for housing ever. [/quote] People who havent bought a home before often dont realize what a massive difference mortgage rates mean to affordability. It's hard to overstate how important it is. I guess it's easier though to shake your first at NIMBYs and pretend they're the real problem. [/quote]
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