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by Finnucane
2596 days ago
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Really? That's not the impression I get from comments here on HN. It does sound more like some people support the idea of unlimited construction, at least they might just be the most vocal. I live near Boston, and Boston reached its peak population in the 1930s--over 800,000. Today the population is closer to 600,000, and the number of units of housing available in the city is about 60% higher than it was in the 1930s. Is it cheaper to live here now? No, it is not. The idea of induced demand is definitely in play with housing: when more is available, more is demanded. |
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