User-NetOfInter t1_j6ghg6d wrote on January 30, 2023 at 3:40 AM

Reply to comment by HatefulDan in “People Moving From NOVA to Richmond Are Ruining Our City” Reports Guy Who Moved Here in 2018 by ThatChildNextDoor

They’re not building enough. The city still makes it too difficult to build more.

HatefulDan t1_j6gk6e9 wrote on January 30, 2023 at 4:02 AM

Right. But if you continue to charge a premium+ price for each property that you DO develop, then it doesn’t matter how little or how many you build, if most people are still priced out.

User-NetOfInter t1_j6hpic2 wrote on January 30, 2023 at 12:17 PM

Market powers will drive down premiums if you allow competition.

The only solution is to build more. Period.

PyreDruid t1_j6kg00p wrote on January 30, 2023 at 11:24 PM

If you build enough housing, pricing will go down.

Supply and demand is real, you're talking about a situation where supply never is allowed to catch up.