| ▲ | sokoloff an hour ago | |||||||
> It works even if they prefer a bigger house, because there are others who have no preference and only want a bigger space People looking to open a new office might fall into this category, but I have serious doubts that enough people fall into the category you describe to leave the owner of the smaller house better off because how larger houses are too-low priced. | ||||||||
| ▲ | AnthonyMouse 38 minutes ago | parent [-] | |||||||
Housing in higher-density areas currently has a higher cost per square foot than it does in the suburbs, implying that unmet demand for it is currently higher than demand for suburban real estate. You'd have to build enough to make that not the case before anyone who doesn't want to live in a condo would have any reason to choose it over a similarly-sized house. And if you actually managed that then it would be from building enough condos to make them more affordable, which would start attracting some people with only a weak preference for a house and still make them better off because they'd get lower housing costs. Meanwhile the people with a strong preference for a house would just pay the extra money for a house, which in the long term would still be less than they're paying now because there wouldn't be so much housing scarcity. | ||||||||
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