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The (now scrapped) Amazon NYC expansion had me thinking about whether more economic growth is always better for the existing city residents, especially in places that are already constrained by infrastructure and available land for development. 1/9
Respectfully, I think you're wrong. First of all, there are many first class cities that are denser than New York. Second, as you know well from your work. Supply doesn't not have to remain fixed while demand increases. New York can build even more dense residences...
...more than compensating for the increase in demand. This is what NYC has done well relative to San Francisco. Rents in NYC are actually falling. Finally I feel like you've taken a very Texaa-centric approach to the issue. Traffic? This is New York City, not Houston.
NYC can build denser but it’s a fight. Long term trend in rents is one direction even with short term declines https://www.google.com/amp/s/www.rentjungle.com/average-rent-in-new-york-rent-trends/amp …
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