Viewing a single comment thread. View all comments

IntelligentCicada363 t1_itufi1t wrote

Reply to comment by 1minuteman12 in Cambridge completely eliminated parking minimums yesterday!! by RealBurhanAzeem

That’s not how supply and demand work but ok

4

1minuteman12 t1_itva7hx wrote

You’re assuming that removing parking mandates will increase housing supply enough to meet or exceed an ever increasing demand, which I think is a massive, massive assumption. You’re also assuming that building more would saturate the market such that buyers and renters will have enough leverage to send prices downward, another massive assumption. The most likely scenario is that roughly the same number of housing is developed, or a little more, but the prices are set at market rate and developers hold firm on pricing because they know eventually someone will pay it. Developers and real estate investors would rather and often do have places go unoccupied for months or even a year before they’ll lower prices. It’s naive to think otherwise.

−1

IntelligentCicada363 t1_itveqb0 wrote

I don’t know how to argue with someone who believes increasing housing supply isn’t a solution to a housing crisis. Every other town every where says the same thing you are saying, so no housing is being built anywhere.

Cambridge has a tremendous amount of opportunity for growth in terms of 4-6 story multi families being allowed City wide, but it is impossible to build that and mandate everyone home must have a parking spot.

Having a roof over someone’s head is more important than your right to store your car on public streets. If you don’t agree then we will never see eye to eye and this discussion is pointless, sorry.

2

1minuteman12 t1_itvko8p wrote

I didn’t say it wasn’t a solution, you are arguing with a straw man. I said that the amount of increased housing development that this individual legislation will create is not going to be anywhere near enough to make a meaningful difference in housing affordability. It’s a step in the right direction but people in here are acting like this will cause rents to drop. It won’t.

0