Not quite. New housing supply will make *current housing* more affordable immediately as the new supply (at whatever price) becomes available.
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I agree on new supply...the difference is that I want higher quantities of new affordable housing vs lower quantities of new unaffordable housing. Why wouldn't building 1000 affordable units relieve more pressure than 300 luxury? Change zoning laws, subsidize the building to make it profitable
aug 16, 2025, 10:48 pm • 0 0 • view
The problem with providing large amounts of social housing is funding. I'm skeptical about the government's ability to even provide 1:1. If you can figure out a way to provide more have at it. Just don't limit market rate artificial to achieve your ideal ratio.
aug 16, 2025, 11:01 pm • 0 0 • view
I just made some soup so have pressure cooking on the mind. Think of new housing as pushing the pressure release valve which lowers pressure (prices) across the entire housing market. Alternatively, consider there are *cascades* in which each person “moving up” frees up housing across the market.
aug 16, 2025, 10:22 pm • 0 0 • view
Pressure is the correct way to think about it. Job growth creates positive pressure. Positive pressure drives up prices. New supply creates negative pressure. As long as positive pressure exceeds negative pressure, prices will continue to rise. We need to open all the valves.
aug 16, 2025, 10:29 pm • 0 0 • view
Ha crossposting about price "pressure"
aug 16, 2025, 10:25 pm • 0 0 • view
New housing will exert negative price pressure in the immediate area. Whether that makes anything "affordable" depends alot on how much is built and what "affordable" amounts to relative to the cost of construction and local incomes. Some places are so far gone that filtering is not enough.
aug 16, 2025, 10:24 pm • 1 0 • view