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[quote=Anonymous][quote=Anonymous]The affordable housing advocates arguments seem to begin and end with saying that increasing supply will reduce prices.

What I don't understand is that the more single-family homes you tear down, in order to replace them with luxury condos, the more valuable single-family homes become.

Which means their price goes through the roof. Which means it no longer becomes economical for developers to buy single-family homes so they can replace them with luxury condos. Which means this whole process of trying to increase density stops. And the relax-the-zoning laws crowd is never able to get the massive number of new units built that they'd need to put in a dent in prices.

Also, if you own a single-family home and you're thinking of selling, and a developer comes sniffing around, you should triple your asking price. Why should developers make all the money?

[/quote]

Replacing single family homes with condos will freeze the market for single family homes. No one will sell unless they absolutely must because everyone will know their home will only grow in value. Developers are having an easy time right now because there are so many dilapidated or vacant rowhouses but it will be a different story when they have to try to buy homes people are living in. We own and plan to keep it until we retire. If we leave DC, we'll just rent it out or leave it empty but will never sell. [/quote]

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