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Metropolitan DC Local Politics
Reply to "The Urbanist Cult"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] You are no economist - that’s for sure. But maybe it makes sense on your home planet that building expensive homes makes housing cheaper.[/quote] Would you care to point out where I'm wrong?[/quote] Expensive duplexes don’t make housing more affordable. That might be true if there was relatively low demand, but not in this market where demand so far outstrips supply that bidding wars erupt over multi- million dollar properties. Duplex helps individual developers build more inventory for a high end market. They don’t make housing cheaper for anyone else. There is no knock-on impact - at least in DC. There are hundreds of condos coming online in ward 3 over the next year and prices will continue to rise in the high single digits. [/quote] So you have prices rising. More housing options will help moderate these price rises. With the lower prices, you would have less sharing of housing as well.[/quote]
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