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Building a lot of housing in an expensive city will not lower rents there; it lowers them in the cheaper places that were absorbing its spillover demand.

Drawn from what Daniel Herriges said

Subjecthousing
What this subject means

housing What a place to live costs and why: how much gets built, zoning, and who is blamed for the price.

Interesting
A private bookmark. Not a position, and never counted.

What Daniel Herriges actually said

Word for word, with the source under each one. They did not write this page.

  1. Daniel Herriges

    Urban planner, co-author with Charles Marohn of Escaping…

    In fact — and this is a point that is, in my opinion, underappreciated by the pro-housing side — building a bunch of housing in Santa Monica would probably not lower rents in Santa Monica. It would bring more people to Santa Monica, creating lower rents elsewhere in Greater Los Angeles as the spillovers from Santa Monica lessened.

    Where this was said

    ↗Shortages and Spillovers: How People Misunderstand the Housing Crisisstrongtowns.org

    All 5 korrents from this piecethis one is 5th

Added to korrents 29 May 2024 · How quotes work · Something wrong? Tell us

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