For prices to lower, we need vacancy rates to rise. What percentage of housing supply has actually been added? And what are you advocating for, NIMBY? Do you think NIMBY will lower rents?
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My argument is not for NIMBY. It is to prioritize policies that get housing built where building is fast and cheap instead of doing ineffective YIMBYism.
Developers do prioritize time and cost I don't know why we would need policy pressure to do what they already do.
And 5.5% vacancy isn't enough to put any real pressure on landlords.
There is zero reason that YIMBY, time and cost, or non market housing are in conflict, these are complimentary.
You’re making a consistent mistake where you assume that any construction means that demand has been met when it’s very clear that demand has not been met. A great way to meet demand is to build everywhere and fast!
You are making a mistake that policies do not require prioritization. Policies the prioritize building in expensive markets look different than prioritizing building in areas with low construction costs. Prioritizing expensive areas can hinder growth in the cheap areas.
At the most basic level, my argument is that is more important to bring good jobs to areas with 400k housing than add 900k housing to an area with good jobs.
I don't think it's a valid criticism that job oriented policy is getting crowded out by yimby urbanists. Your idea seems like a thinly veiled pro sprawl argument, I'm going to share a video with a segment about why cities are important... https://youtu.be/hdTh4kIp2KE?si=9iMKhk_weyWHJO1f
..and another about Tokyo, a relatively affordable city, an economic powerhouse, and perhaps the best example of the benefits of density for transit and development https://youtu.be/d6ATBK3A_BY?si=KQB-5c5m4AJr_LsW
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My argument is mainly about policy priorities.
Also, Portland: https://www.wweek.com/news/2024/04/11/metro-portland-apartment-vacancies-rise-but-rents-dont-fall/
And 5.5% vacancy isn't enough to put any real pressure on landlords.
There is zero reason that YIMBY, time and cost, or non market housing are in conflict, these are complimentary.
https://youtu.be/hdTh4kIp2KE?si=9iMKhk_weyWHJO1f
It is better for the country as a whole to increase the number of agglomeration cities than increase the size of the existing ones.