Keep stressing that it can always get worse if we don’t build, but a huge segment of the population doesn’t believe that. See 30% year-over-year gains for single-family homes — starting from already bonkers price points (?!?!?) Condo prices, meanwhile, are down w/ added supply.https://twitter.com/pacunion/status/973590096388743170 …
Land per unit costs would go down. See condos being worth 500K or so less than the homes.
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Right, condos would still go down, but i think speculation on single family homes that can be redeveloped would go up.
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