Reply to Soooo, how is high-density looking to everyone now?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Sure, and there's even more affordable housing in Martinsburg, West Virginia. So what? This isn't about affordable housing. This is about the overall cost of housing in DC. Overall, housing in DC is expensive, because demand exceeds supply, and housing in the desirable areas of DC is even more expensive, because that's how the housing market works. It's expensive because lots of people who have money want to live there.
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[b]
So you are insinuating that there is a magic 'price' at which housing would be fair for all.[/b] What is that price? What should the median price for housing be so that we can continue to build houses until we push the market to that magic price.[/quote]

No, nobody said anything about that.[/quote]

This is actually what they inferred. [b]They stated that housing is expensive because demand exceeds the supply.[/b] Therefor the price continues to increase.

So I am simply asking, what is the supply point that would push the price to the level you feel is 'fair'. There have been several questions asked in this thread about the supply side variable. Nobody wants to hazard an answer. So perhaps you can provide an answer to the only other unknown variable, the 'fair' price.[/quote]

Yes, that's how the free market works. Things cost more when demand exceeds supply. The "fair" price is not an unknown variable because there is no such thing in a supply and demand model. There is such thing as a market-clearing price, which is the price when supply and demand are equal.

You seem to think that "housing is expensive" means "housing costs too much", but it doesn't. [/quote]

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