Perhaps you’d rather start with this paper, which is a companion piece of sorts: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3507532
The paper uses real housing data to show how prices are affected. The other paper then uses real data to model the impact in-migration has on affordable housing in general.
The paper uses real housing data to show how prices are affected. The other paper then uses real data to model the impact in-migration has on affordable housing in general.
Comments
It cuts the sample size in half & excludes the reality of development in NYC & DC—multiple new large buildings within the same block.
But it doesn’t mean their research proves it’s a slam dunk. It doesn’t.
And I wish defenders of housing construction were as honest as the researchers are about that. 1/2
More study & review are needed.
Again, my concern was these reports didn’t seem to reflect the reality of highly dense areas.
And they don’t. Not yet anyway. 2/2
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3867764
https://www.lewis.ucla.edu/research/market-rate-development-impacts/
https://www.aeaweb.org/articles?id=10.1257/mac.20170388