People *actually* believe that building more housing doesn't affect housing prices. Wild.https://twitter.com/ScubaForDogs/status/1006606078744854534 …
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Sure. So is there a line of argument that building more housing will make a city more desirable, causing the demand to rise with supply? And if that logic is bunk, how do we know that it's bunk?
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The question is what is the cause and what is the effect. If you build a mega city does it automatically fill up? If so, why are Detroit and Vegas so empty?
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So is the argument that because Detroit and Vegas have high supply and low demand, that implies that supply doesn't induce later demand, on average? Do we know if Detroit and Vegas are typical?
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Or St Louis or Atlanta or... there are a ton of big cities that are very cheap, and a ton of smaller cities that are more expensive. The strongest correlation is housing regulation, not size of city
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What data sets do you use to draw and make these conclusions? I'd love to learn more.
End of conversation
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