This article quotes a sociology professor, a lawyer, and an architect who reject the notion that housing prices are set by supply and demand and do not believe that building more homes reduces rents. It is the housing policy equivalent of platforming climate change deniers.
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sacbee.comWould building housing reduce poverty in California? Sacramento-area experts splitA recent study argued that building housing could lower state’s poverty rate, currently the second-highest in the U.S. behind Louisiana.
The existence of moving chains has been documented in multiple cities across different countries using increasingly fine-grained and sophisticated data. The relationship between housing supply, demand, and rent growth is well known. Denying these phenomena is quackery.
cayimby.orgMovin’ On Up: How Costly New Homes Create Affordable Old Homes - California YIMBYIn housing policy, a common theory of how to provide the maximum number of affordable homes to the greatest number of people is known as “filtering:” the process through which aging homes depreciate, ...
Unfortunately, building more homes to reduce rents works in practice but not in theory.
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