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A comment on New Taxes and Higher Density Aren't Fixing Vancouver's Housing Problem. Parent comment

Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by Consultant32452 on Wednesday May 08, 2019 @10:24PM (#19864834)
It becomes approximately fifo. Oldest or otherwise least desirable housing becomes affordable housing as demand is met with newer more desirable housing being built. But if you're never building new housing, nothing gets pushed out the bottom to become affordable.
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Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by eastWestMath on Wednesday May 08, 2019 @11:12PM (#19865049)
That would make sense if location didn’t matter and people couldn’t renovate buildings.
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Re:New Taxes and Higher Density Aren't Fixing Vancouver's Ho... by Consultant32452 on Wednesday May 08, 2019 @11:16PM (#19865064)
That's just noise as long as construction keeps up with or outpaces demand. The problem is some cities have held back construction for decades, so it will take significant construction to get to the other side of the supply curve.

As a thought experiment, what if you doubled the supply of housing units in Manhattan? Or 10x? 20x? I have a hard time believing housing prices would remain high.

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