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by tacitusarc
528 days ago
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Firstly, your link is focused on zoning changes, specifically how they are insufficient to prompt addition supply to be built. From your linked blog post: > Freemark finds extremely mixed and uncertain evidence for the effects of upzoning, and one of several reasons he identifies is that the link between upzoning and actual housing production is tenuous. In other words, “Are they allowed to build it?” is a different question from, “Are they building it?” Secondly, building more suburbs and more cities increases the supply… which indicates agreement that the price problem is one of insufficient supply. EDIT: To be perfectly clear, the data I disagree with is that increasing supply in Minneapolis failed to impact price. This is the contention of the comment I responded to, and it is fundamentally different from the claim that zoning changes fail to increase supply. |
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Yeah. The misery pushers (urbanists) can't admit outright that their ideology is leading to disaster, can they? So they now need not only zoning restrictions lifted, but the state must also build housing and give it out to "deserving" people for cheap.
> Secondly, building more suburbs and more cities increases the supply… which indicates agreement that the price problem is one of insufficient supply.
I'm not arguing against supply-and-demand in general (I'm not a communist idiot). I'm arguing against the _density_ increases.
> EDIT: To be perfectly clear, the data I disagree with is that increasing supply in Minneapolis failed to impact price.
But it did. The real estate transaction index clearly shows that there were no positive effects from the new construction.
Moreover, I analyzed all the real estate sales in the US, Canada, and parts of Europe since 1995. I have not found a single example of a large (>100k population) city that decreased the housing sale prices by increasing density.
Even during the crash of 2007, the dense housing crashed less than comparative nearby sparse housing.
The scholarly literature is also unambiguous. The best effects of density increases are either mild (transient effects on rent), or indirect (migration chains).