then by your logic, if we have traffic congestion we should build more highways.
But we all know that building more highways creates more congestion because of induced demand. I suspect housing also experiences induced demand. At the same time, you could be right that if you build housing for 10 times the need, then you would reduce the demand for housing. Just like if you built highways 10 times bigger, we would not have congestion.
But we all know that building more highways creates more congestion because of induced demand. I suspect housing also experiences induced demand. At the same time, you could be right that if you build housing for 10 times the need, then you would reduce the demand for housing. Just like if you built highways 10 times bigger, we would not have congestion.