Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s strange how people assume that if you just add housing units, then housing prices must fall. Um, the world doesn’t necessarily obey the tidy little dictums you learned in eighth grade economics. Sometimes demand and prices grow with supply. If you live long enough in DC, you know this from experience.
true, the basic principals of market economics don't work in DC. little known fact, there's a forcefield that reverses supply and demand within DC borders.
There's nothing basic about reality.
Increasing supply may overall reduce costs, in the broader metro DC area. But it may locally drive up prices (gentrification) in a specific area.
You're conflating causality here in a way that's either disingenuous or ignorant. A place like Navy Yard didn't see rising housing prices because high density housing was built. High density housing was built because Navy Yard became more desirable, transitioning from an area dominated by warehouses, surface parking lots, and light industry into an actual neighborhood anchored by a ballpark and riverfront parks.
The whole supply theory of housing is based on filtering. New “luxury” supply in one location, e.g. Navy Yard, will see depreciated former “luxury” stock in other areas become more affordable, e.g. upper Connecticut Ave. And so on.
You don’t seem to even understand the underlying theories of your own cause. So odd.
What an odd non sequitur. I was specifically responding to your claim that increasing supply in a neighborhood may locally drive up prices.
And that does happen too. Those old, crappy “modern” SW condos saw an immediate jump in prices thanks to the Navy Yard development. You seem to start with an agenda and then try to backfill arguments at any minute to support that agenda. That’s what leads you to make statements that deny basic YIMBY theory (which doesn’t work by the way) or reality.
Seems like it's been largely flat since 2017, seasonal fluctuations aside: https://www.redfin.com/zipcode/20024/housing-market
Any other easily-disproven half baked "thoughts" about the housing market you'd like to share before I head home? I'm happy to respond on Monday to any you post over the weekend.
I do wonder why you feel the need to lie so much. When you add it to your basic ignorance it’s a sight to behold.
This small condo in an awful building increased in price almost 50% since it was last sold in 2012 as Navy Yard and the Wharf were incipient.
https://www.trulia.com/p/dc/washington/800-4th-st-sw-s313-washington-dc-20024--2090404778
Your ideas have no bounding in basic fact or commons sense and you seem to be an incessant liar that has never progressed past a suburban high school level education.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s strange how people assume that if you just add housing units, then housing prices must fall. Um, the world doesn’t necessarily obey the tidy little dictums you learned in eighth grade economics. Sometimes demand and prices grow with supply. If you live long enough in DC, you know this from experience.
true, the basic principals of market economics don't work in DC. little known fact, there's a forcefield that reverses supply and demand within DC borders.
There's nothing basic about reality.
Increasing supply may overall reduce costs, in the broader metro DC area. But it may locally drive up prices (gentrification) in a specific area.
You're conflating causality here in a way that's either disingenuous or ignorant. A place like Navy Yard didn't see rising housing prices because high density housing was built. High density housing was built because Navy Yard became more desirable, transitioning from an area dominated by warehouses, surface parking lots, and light industry into an actual neighborhood anchored by a ballpark and riverfront parks.
The whole supply theory of housing is based on filtering. New “luxury” supply in one location, e.g. Navy Yard, will see depreciated former “luxury” stock in other areas become more affordable, e.g. upper Connecticut Ave. And so on.
You don’t seem to even understand the underlying theories of your own cause. So odd.
What an odd non sequitur. I was specifically responding to your claim that increasing supply in a neighborhood may locally drive up prices.
And that does happen too. Those old, crappy “modern” SW condos saw an immediate jump in prices thanks to the Navy Yard development. You seem to start with an agenda and then try to backfill arguments at any minute to support that agenda. That’s what leads you to make statements that deny basic YIMBY theory (which doesn’t work by the way) or reality.
Seems like it's been largely flat since 2017, seasonal fluctuations aside: https://www.redfin.com/zipcode/20024/housing-market
Any other easily-disproven half baked "thoughts" about the housing market you'd like to share before I head home? I'm happy to respond on Monday to any you post over the weekend.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s strange how people assume that if you just add housing units, then housing prices must fall. Um, the world doesn’t necessarily obey the tidy little dictums you learned in eighth grade economics. Sometimes demand and prices grow with supply. If you live long enough in DC, you know this from experience.
true, the basic principals of market economics don't work in DC. little known fact, there's a forcefield that reverses supply and demand within DC borders.
There's nothing basic about reality.
Increasing supply may overall reduce costs, in the broader metro DC area. But it may locally drive up prices (gentrification) in a specific area.
You're conflating causality here in a way that's either disingenuous or ignorant. A place like Navy Yard didn't see rising housing prices because high density housing was built. High density housing was built because Navy Yard became more desirable, transitioning from an area dominated by warehouses, surface parking lots, and light industry into an actual neighborhood anchored by a ballpark and riverfront parks.
The whole supply theory of housing is based on filtering. New “luxury” supply in one location, e.g. Navy Yard, will see depreciated former “luxury” stock in other areas become more affordable, e.g. upper Connecticut Ave. And so on.
You don’t seem to even understand the underlying theories of your own cause. So odd.
What an odd non sequitur. I was specifically responding to your claim that increasing supply in a neighborhood may locally drive up prices.
And that does happen too. Those old, crappy “modern” SW condos saw an immediate jump in prices thanks to the Navy Yard development. You seem to start with an agenda and then try to backfill arguments at any minute to support that agenda. That’s what leads you to make statements that deny basic YIMBY theory (which doesn’t work by the way) or reality.
Seems like it's been largely flat since 2017, seasonal fluctuations aside: https://www.redfin.com/zipcode/20024/housing-market
Any other easily-disproven half baked "thoughts" about the housing market you'd like to share before I head home? I'm happy to respond on Monday to any you post over the weekend.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Wha? DC's population hit its all-time high in 1950. Its post-WWII-low was in 2000. Very little housing was built in the 50 years that population was declining.
And now DCs population is declining and yet it’s building thousands of units per year anyway.
Average household size is decreasing with multigenerational housing becoming increasingly rarer in America. You need more housing units to support that trend, even with a shrinking population.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s strange how people assume that if you just add housing units, then housing prices must fall. Um, the world doesn’t necessarily obey the tidy little dictums you learned in eighth grade economics. Sometimes demand and prices grow with supply. If you live long enough in DC, you know this from experience.
true, the basic principals of market economics don't work in DC. little known fact, there's a forcefield that reverses supply and demand within DC borders.
There's nothing basic about reality.
Increasing supply may overall reduce costs, in the broader metro DC area. But it may locally drive up prices (gentrification) in a specific area.
You're conflating causality here in a way that's either disingenuous or ignorant. A place like Navy Yard didn't see rising housing prices because high density housing was built. High density housing was built because Navy Yard became more desirable, transitioning from an area dominated by warehouses, surface parking lots, and light industry into an actual neighborhood anchored by a ballpark and riverfront parks.
The whole supply theory of housing is based on filtering. New “luxury” supply in one location, e.g. Navy Yard, will see depreciated former “luxury” stock in other areas become more affordable, e.g. upper Connecticut Ave. And so on.
You don’t seem to even understand the underlying theories of your own cause. So odd.
What an odd non sequitur. I was specifically responding to your claim that increasing supply in a neighborhood may locally drive up prices.
And that does happen too. Those old, crappy “modern” SW condos saw an immediate jump in prices thanks to the Navy Yard development. You seem to start with an agenda and then try to backfill arguments at any minute to support that agenda. That’s what leads you to make statements that deny basic YIMBY theory (which doesn’t work by the way) or reality.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Wha? DC's population hit its all-time high in 1950. Its post-WWII-low was in 2000. Very little housing was built in the 50 years that population was declining.
And now DCs population is declining and yet it’s building thousands of units per year anyway.
Anonymous wrote:Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Wha? DC's population hit its all-time high in 1950. Its post-WWII-low was in 2000. Very little housing was built in the 50 years that population was declining.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s strange how people assume that if you just add housing units, then housing prices must fall. Um, the world doesn’t necessarily obey the tidy little dictums you learned in eighth grade economics. Sometimes demand and prices grow with supply. If you live long enough in DC, you know this from experience.
true, the basic principals of market economics don't work in DC. little known fact, there's a forcefield that reverses supply and demand within DC borders.
There's nothing basic about reality.
Increasing supply may overall reduce costs, in the broader metro DC area. But it may locally drive up prices (gentrification) in a specific area.
You're conflating causality here in a way that's either disingenuous or ignorant. A place like Navy Yard didn't see rising housing prices because high density housing was built. High density housing was built because Navy Yard became more desirable, transitioning from an area dominated by warehouses, surface parking lots, and light industry into an actual neighborhood anchored by a ballpark and riverfront parks.
The whole supply theory of housing is based on filtering. New “luxury” supply in one location, e.g. Navy Yard, will see depreciated former “luxury” stock in other areas become more affordable, e.g. upper Connecticut Ave. And so on.
You don’t seem to even understand the underlying theories of your own cause. So odd.
What an odd non sequitur. I was specifically responding to your claim that increasing supply in a neighborhood may locally drive up prices.
Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Oh man, I wonder how it could be true that Washington DC has built housing and yet prices are increasing. Could it be that population is growing faster than the construction of new housing? No, that couldn't possibly be the case.
https://dc.urbanturf.com/articles/blog/since-2000-the-dc-region-added-twice-as-many-people-as-housing-units/15405
It will always be true, no matter how many units we add.
Anonymous wrote:Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Oh man, I wonder how it could be true that Washington DC has built housing and yet prices are increasing. Could it be that population is growing faster than the construction of new housing? No, that couldn't possibly be the case.
https://dc.urbanturf.com/articles/blog/since-2000-the-dc-region-added-twice-as-many-people-as-housing-units/15405
Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Washington DC has been adding thousands of housing units every single year for decades. Just because this issue is new to you doesn’t mean it hasn’t already been tried many many times before.
Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
Anonymous wrote:Anonymous wrote:To the silly people saying building more housing doesn't work:
https://twitter.com/yitgordon/status/1523338237640843269
Try again.
I mean, just look at New York City. It’s almost nothing but condos and apartments and it’s so affordable?