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Rents CAN go down, even in high-cost markets
Submitted by MLewyn on Tue, 01/06/2015 - 9:59amOne common argument often used to frustrate infill development is that in high-cost markets, the law of supply and demand simply does not apply, and that new housing will somehow fail to increase rents.
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A Myth Exploded
Submitted by MLewyn on Tue, 09/09/2014 - 9:40pmEvery so often I read the following argument: "We shouldn't upzone popular urban neighborhoods, because if we freeze the status quo in those areas, the people who are priced out willl rebuild our city's devastated neighborhoods." This argument has a conceptual flaw: most middle-class peoples' ... read more »
The "Building Boom" Myth
Submitted by MLewyn on Wed, 08/06/2014 - 12:25pmOne common argument against new infill development is "my city has already experienced a building boom, and rents keep going up." But in New York City, one of the nation's most expensive cities, this claim is built on false assumptions. A recent study by the Citizens Budget Commission sh... read more »