Squish_the_android t1_j6of0gp wrote on January 31, 2023 at 7:37 PM

Reply to comment by jWalkerFTW in High Density Housing Development Near South Shore Plaza Receives Pushback by amos106

Increasing the housing supply of any kind brings down prices for everyone.

jWalkerFTW t1_j6ok55o wrote on January 31, 2023 at 8:09 PM

Sure, if you ignore the effects of affluent housing turning the surrounding area more affluent, attracting even more affluence and pushing out low-income folks

dafdiego777 t1_j6om31w wrote on January 31, 2023 at 8:21 PM

the filtering effect is real - https://www.sciencedirect.com/science/article/pii/S0094119022001048?via%3Dihub

There's also a new study that shows new housing does lead to lower prices in the immediate area:

https://direct.mit.edu/rest/article-abstract/doi/10.1162/rest_a_01055/100977/Local-Effects-of-Large-New-Apartment-Buildings-in?redirectedFrom=fulltext