Read Daniel’s thread on the geographic variation in how new housing impacts a market. Supply effects are likely strongest beyond any municipality’s borders.
But as @salimfurth.bsky.social has argued, we might’ve overfocused on micro-scale, 250 meter price impacts
https://marketurbanism.com/2023/03/02/xiaodi-li-misunderstood/
But as @salimfurth.bsky.social has argued, we might’ve overfocused on micro-scale, 250 meter price impacts
https://marketurbanism.com/2023/03/02/xiaodi-li-misunderstood/
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Problem is that’s a lot harder to credibly identify effects, compared to a 250 meter circle.
Part of the political interest in local effects was underpinning demand for IZ, rent stabilization and object subsidies to mitigate alleged rent increases.