HatefulDan t1_j6gk6e9 wrote
Reply to comment by User-NetOfInter in “People Moving From NOVA to Richmond Are Ruining Our City” Reports Guy Who Moved Here in 2018 by ThatChildNextDoor
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
Market powers will drive down premiums if you allow competition.
The only solution is to build more. Period.
PyreDruid t1_j6kg00p wrote
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.
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