Many people in the Bay Area argue that NIMBYs ignore the basic economics of supply and demand. Build more housing, they argue, and prices will inevitably drop.
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What does that look like as a policy initiative (outside of higher prices incentivizing legacy owners to put property on the market)?
I don't really know. Good question. It's unclear even if it's the _fraction_ which is the relevant quantity. But it certainly seems unlikely to be the absolute number.
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You could also use non-market mechanisms like rent control, loft law, and social housing.
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I’m a YIMBY for exactly the reason you describe. As an East Bay resident, I want a vibrant downtown and the increase in property values it promises. But will transit-oriented development alone fix affordable housing issues? That’s debatable, and depends on population deltas.
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Yeah I agree with that more limited conclusion. Have also wondered about broader (e.g. city-wide) price impact of increasing supply while decreasing supply-to-density ratio vs. increase while keeping ratio static
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I.e. does increasing density while increasing supply mitigate price growth in any predictable way?
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