The idea that extra housing supply will not improve housing affordability ("supply denialism") is the biggest obstacle to better housing policy. There is a ton of evidence to the contrary. Opponents of extra supply do not realise the harm they do. bsky.app/profile/phil... - ThreadSky

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petertulip.bsky.social • 25 days ago

The idea that extra housing supply will not improve housing affordability ("supply denialism") is the biggest obstacle to better housing policy.
There is a ton of evidence to the contrary.
Opponents of extra supply do not realise the harm they do.
https://bsky.app/profile/philipthalis.bsky.social/post/3lhbcnp6gds2k

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jeremyke.bsky.social•25 days ago

Very generous of you to assume they are ignorant of the harm they cause. I think a lot of denialism comes from a place of "f you, got mine" and wanting to see more wealth accumulation for themselves through rising home prices.

kkalayci.bsky.social•25 days ago

Just speculating:

Could the source of denialism be that more supply makes the area more interesting/liveable, hence increasing the price of land (houses, not housing)?

petertulip.bsky.social•25 days ago

Yes. there are positive externalities of new housing.
However, the opponents of housing claim the opposite -- that new supply will harm neighbourhood character.

sydneystations.bsky.social•25 days ago

I think also because the most basic new housing is fundamentally worth more than an old one. The new will have "luxuries" like air con and no asbestos. The most "affordable" housing (without a subsidy) is the worst, something no developer would build and no council would allow.

petertulip.bsky.social•25 days ago

True. They think the effect on affordability is determined by the price of the new dwellings. In fact, the effect on the prices of existing housing is far more important

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