Quote:
Originally Posted by bizaro86
If you increase the supply of something, you reduce its price. That's just how it work.
Also, when people move into new housing, even if it's expensive, wherever they were living before becomes available. The article linked above discusses, including citations to research on the topic.
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The studies sound promising. But what about Houston? I brought them up earlier as a city that had actually done this, and they have had the same challenges as everyone else. I think this is presented as a panacea, but in reality it's extremely difficult.
And really, Gull Foss gives a good example of the type of savings you could reasonably anticipate in a community like Elbow Park. You move the needle from say $1.7m all the way down to like $1.2m. It's not actually helping the vulnerable and students.