| > At the same time, many, many people love it. Sure. That's what people tell themselves. Realistically, most people would prefer to live in a less dense area, but they can't do that because there are no jobs for them there. > In NYC alone millions of people pay astronomical rents and mortgages for the privilege of living in tiny spaces in close quarters, no yards, etc. Exactly. And it's getting _worse_ with every generation, right now NYC is at 530 square ft. per capita, down from 700 in 1980. It's even worse for Manhattan. > It's not 'misery central', just something where you have a different preference. Yes, it's misery central. > Where does that come from? I understand we won't all have data all the time (I sure don't always), but until then, it's words. I analyzed a database of all real estate sales in the US for the last 25 years. There is plenty of other research that found similar results. The _best_ outcome was something like transient single-digit percentage decreases in rents near new construction. I don't have the links on my phone, but you can google the "Supply Skepticism" paper from the Furman Center. It's a nice overview of the literature, and it's written from the viewpoint of pro-density (to prevent questions about bias). |
Do you have evidence? I have the evidence of millions of people and the demand for downtowns. Otherwise, you possibly are assuming that people must feel like you do.