A neighbourhood redevelops itself when rising land values meet permission to build more intensely, and it stagnates when either half is missing.

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• Building more housing in a city raises its local prices, because density is what people are moving there for. SAScott Alexander1 May 2023similar wording
• It is only in dense cities that land dominates the price of a home, and there the land is expensive because of the rules limiting what can be built on it. BPBrian Potter2 Apr 2024similar wording
• The break in how cities are built is that places used to be improved continuously and are now built once, at scale, to a finished state. CMCharles Marohn12 Jun 2017similar wording
• Housing demand that a neighbourhood is not allowed to absorb does not disappear; it floods somewhere else, and that is what a housing shortage actually is. DHDaniel Herriges29 May 2024similar wording
• The tighter a metro's restrictions on land use, the higher its rents; this is the strongest relationship anyone has found in the housing data. BPBrian Potter11 May 2022similar wording

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