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[quote=Anonymous][quote=Anonymous]16:35 makes the basic mistake a lot of the ggw crowd makes. The idea that demand is static, so simply building more supply of housing will make areas cheaper. If that were true, dc would be a lot cheaper than 2000, when clearly it isn’t I like development! But don’t kid yourself if you think that more housing on 14th st will make housing on 14th st cheaper, or housing in SE cheaper by making older or more peripheral properties less desirable. Things are a lot more complicated than that. By bringing density and street life more development makes these areas more desirable than ever and creates demand. The massive housing boom in nova over recent decades hasn’t made housing cheaper there, or even cheaper than it would have been otherwise. Obviously these high prices create social problems and there is an important role for subsidized housing, better transit and other steps. But simply building isn’t it. [/quote] You are mis-stating the premise. It isn't cheaper, it is just cheaper than it would have been if nothing new had been built.[/quote]
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