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9throwawayDERP t1_j0hsuyl wrote

Reply to comment by Adept-Pension-1312 in DC's old Vanguard building to be converted into downtown apartments by Maxcactus

Dc is the only major city in the US to have had median rents rise less than inflation over the last decade. The data is pretty clear about this.

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oxtailplanning t1_j0iitlh wrote

Plus if we build 20 new units, and 25 people want to move in, prices will go up still (but if we built 0 units, it would be worse.)

Supply deniers are just bizarre.

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9throwawayDERP t1_j0ixkir wrote

But they seem to be everywhere. Like you give them an example with iPhones or cars and they come to the right conclusion, but housing breaks their mind.

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oxtailplanning t1_j0iz83o wrote

The car example is especially apt. They get the concept of filtering there (Rich people buy new car, and sell their old. The fancy car from 2011 is the cheap used car of today), but you mention the same concept for housing and you're accused of "trickle down economics".

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