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Thalia Toha's avatar

Russil- I appreciate that you’ve tied the economics of housing with the economics of cars—two seemingly separate industries that are now becoming co-dependent of one another.

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EscapeVi's avatar

I feel like this implies causality that’s not necessarily true? There’s two ways to interpret the data here:

1. Expensive new housing results in expensive old housing, so it’s most important that new housing is affordable in order to bring housing prices down

2. Housing overall is expensive because the overall supply is too low, so it’s most important to build as much new housing as possible to bring housing prices down across the board

The policy question here then is in questions such as, does it make sense to require affordable housing for new developments, if that means fewer new developments? Or should increasing density and # of units be the sole guiding star instead?

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