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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]The densification argument is a classic YIMBY argument. Densification is not a new concept. Tell me where in DC housing prices have gone down or been stabilized based on new construction?[/quote]

Such a tired and ignorant argument.

Prices are going up because we aren't building nearly enough to satisfy demand. It's like you invited 100 people to a BBQ, cooked 10 meals and are demanding to know why there are still hungry people.

The bigger question is not "why are prices still expensive," it's "how much less expensive would they be if we built an adequate number of units and how much more expensive would they be if we had done nothing."[/quote]
Can you point to actual evidence?

The only way that affordable rental housing has ever been constructed for low income people is when the government did it. Current “affordable” rental housing is just full depreciated structures in bad locations in need of CAPEX (which is how the market is supposed to work).

The only historical time in this country that real estate prices ever went down in real terms was due to the unique combination of two factors, a population bust combined with a mass expansion of greenfield development (ie the suburbs).

Your entire mental model is invalid and unfortunately you don’t understand that. [/quote]

It's not about making the value of real estate decrease. It is about trying to stabilize and reduce the rate of increase, because it is unsustainable to have our teachers and first responders living in West Virginia.[/quote]

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