Reply to Do you have any advice re: fighting popups/popbacks, etc?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Looking for help fighting a really, really egregious popback/popup etc. that's coming to our block. Looking for any advice, any names we should be contacting about how to fight this. [/quote]

Here’s my advice: don’t fight.  Pop ups are good for density and thus they’re good for cities.

I have nothing to do with developers. I just want lower housing prices, for the good of the city.  So I want more units.  Many more units.[/quote]

It's funny how so many people concerned about affordable housing have latched onto the importance of supply. [b]In economics, that's called supply-side economics[/b]. Many people concerned about housing put such an extreme emphasis on supply that, if you were to put it on a political spectrum, they would be to the right of virtually every Republican you can think of. [/quote]

No, it's not. It's called a basic understanding of supply and demand. Prices are high when demand exceeds supply. Increase supply to meet demand, and prices go down. (Prices would also go down if demand went down - for example, if people stopped wanting to live there.)

Here's Wikipedia's definition of supply-side economics: "[i]Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation, by which it is directly opposed to demand-side economics. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices and employment will increase[/i]."

If you don't like the Wikipedia definition, feel free to supply your own.:-)[/quote]

Housing prices are high because of the Federal Reserve, not because of the supply of housing. The supply of housing and the number of people in DC don't actually change very much from year to year, despite all the rhetoric. Why? Because it takes a long time to build a house and people do not move to new cities willy nilly. And yet housing prices go up so much. So what's happening? It's the Federal Reserve. When interest rates are low, a lot more people can get huge mortgages. If there's many more people able to get huge mortgages, there's more people with the ability to bid up the price of housing. That's why housing prices go up so much. When interest rates go up, housing prices will crash. People seem to think that DC is some magical place where prices will only go up. It's just not true. [/quote]

Never have I encountered anyone so fixed on the idea that supply and demand have nothing to do with price.[/quote]

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