Re:Housing in the Bay Area
by BurningFrog on Thursday May 26, 2016 @08:46PM
(#11783053)
The first article, headlined The poor are better off when we build more housing for the rich literally makes my argument.
The second article lets various people give their reaction to the first one. The non professionals say what they usually say. But the Berkeley professor of economics answers my question very clearly:
Economic research on this topic is unanimous. There is no question that on net, adding more units tends to lower rents. All existing peer-reviewed academic studies — including work done at Harvard University, the Wharton School at the University of Pennsylvania and by me at UC Berkeley — find that more housing supply results in lower rents and house prices, everything else being constant.
The second article lets various people give their reaction to the first one. The non professionals say what they usually say. But the Berkeley professor of economics answers my question very clearly:
Economic research on this topic is unanimous. There is no question that on net, adding more units tends to lower rents. All existing peer-reviewed academic studies — including work done at Harvard University, the Wharton School at the University of Pennsylvania and by me at UC Berkeley — find that more housing supply results in lower rents and house prices, everything else being constant.