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Metropolitan DC Local Politics
Reply to "Arlington "missing middle""
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[quote=Anonymous][quote=Anonymous]How about as a thought experiment we see if the net effect of this is to raise or lower the price of houses in Arlington? My bet is on raising. Tearing down a 900K house and building three 1.1 million townhomes does not solve an affordability crisis. Plus the price of land just jumped considerably. Also for fun, will this make Arlington more or less diverse? My bet is on less.[/quote] Oh sure, it is well known that when you increase the supply of something, the price goes up. Wait, what?[/quote]
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