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A comment on Approaching Peak Housing Dysfunction in California. Parent comment

Re:Approaching Peak Housing Dysfunction in California by i_am_proteus on Thursday July 25, 2019 @05:48PM (#20530122)
Is this correct?

Or is this correct: As housing prices rise, it becomes cost effective to replace simplexes with duplexes, threeplexes, etc., causing the value of all simplexes to rise.

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Re:Approaching Peak Housing Dysfunction in California by kradroy on Thursday July 25, 2019 @08:46PM (#20531316)
The latter is correct. The price per sq ft will be at parity during development. Then buyers will compete for the smaller units that replaced the SFH properties. $/sq-ft will rise and pass over to existing, neighboring SFHs.
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