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[quote=Anonymous][quote=Anonymous]Increasing density doesn't necessarily push housing prices down. It can. But it can also push them up. It depends on the situation.

Look at Navy Yard. It's far more densely populated than it was ten years ago. But it's also far more expensive than it used to be. That's because all those condos and apartments create a lot of potential customers for businesses so lots of restaurants and bars move in, which makes the area more attractive to some people (read: young people), which creates a lot more demand for housing, which pushes housing prices up (15 years ago, not many people wanted to live in Navy Yard).

Now, if you moved all the condos and apartments in Navy Yard to Cedar Rapids, Iowa, housing prices there would crash because there wouldn't be enough people to fill them. [/quote]

Navy Yard is not a particularly useful example for comparison -- it was barely a residential neighborhood at all before the current housing boom. The housing prices didn't go up because restaurants and bars moved in, they went up because it went from virtually no residential units at all to only high-end ones. [/quote]

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