Reply to The DMV needs a YIMBY revolution

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[quote=Anonymous]The YIMBY astroturfing for developers' interests has one inherent flaw: Developers prefer to build only when housing prices already are high. If, as YIMBYs claim, building more will lead to lower housing prices, developers will simply stop building because it's not worth it to them, financially.

https://www.wsj.com/real-estate/apartment-construction-is-slowing-and-investors-are-betting-on-higher-rents-56bceeb3?st=40xs07h4docnom5&reflink=desktopwebshare_permalink

This is happening in Austin, which YIMBYs frequently point to as a success when it's far from it.

"Austin, Texas, where asking rents have fallen more than anywhere else, is also the city dialing down construction the most, CoStar said." ...

"Most apartment developers today build high-end units for middle- and upper-income households, which have little impact on the affordable-housing shortage. Lower-cost rentals—the kind most in need by low- and moderate-income households—remain scarce and are rarely built without a government subsidy."[/quote]

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