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A comment on The Mobility Trap: Why We'll Never Fix Congestion by Speeding Up Traffic. Parent comment

Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by WalterBright on Thursday August 29, 2019 @10:19PM (#20835463)
Not building towers will result in even higher prices for housing.
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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by MrAlex94 on Friday August 30, 2019 @07:27AM (#20837555)
At least in the UK the price per square foot greatly increases after each new build that replaces an older one. Surely prices would go down? You can even verify yourself. Go on a property portal such as Zoopla or Rightmove and compare the cost of a new build and old build in the same area. I have yet to find one where the new build is cheaper per square foot.
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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by WalterBright on Friday August 30, 2019 @03:20PM (#20841711)
Prices will still rise if demand is increasing faster than supply. If supply remained constant, the prices would rise even faster.
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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by CalRobert on Friday August 30, 2019 @11:05AM (#20839310)
Of course, people like newer things. But how was the cost of surrounding old builds affected?
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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by MrAlex94 on Friday August 30, 2019 @12:11PM (#20839939)
> But how was the cost of surrounding old builds affected?

Not sure I understand?

Edit: Anyway, the poster I was replying to was making the point that these towers are alleviating demand and subsequently pushing prices down, which is not happening.

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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by CalRobert on Monday September 02, 2019 @06:24AM (#20858088)
I meant "people who might have bought an old home instead went to the new one".

If I have a market of 10 dumpy old cars, people will pay X for it. If I destroy 1 dumpy old car and add 2 brand new cars, people will pay more for the new cars (like your new building) but the dumpy old ones will be slightly cheaper.

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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by WalterBright on Friday August 30, 2019 @03:22PM (#20841726)
That is not what I wrote. I said the prices with the tower would be lower than prices without the tower, which is not the same as saying prices would decline.

I.e. relative vs absolute.

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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by MrAlex94 on Friday August 30, 2019 @04:16PM (#20842229)
https://content.knightfrank.com/research/478/documents/en/20...

This research shows that there’s an average of 1.5% price increase per floor. Care to share a counter-claim source?

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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by WalterBright on Friday August 30, 2019 @07:31PM (#20843662)
Increasing the supply of something simply does not cause price increases. If the price increases, it's because demand is increasing even faster than supply.
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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by MrAlex94 on Saturday August 31, 2019 @05:58AM (#20845467)
At this point there’s no way you aren’t pulling my leg. The research paper showed that increasing the amount of floors increases the price per floor. Are you saying that these towers control demand? So if they lower the amount of floors then suddenly demand is going down because they are cheaper?

Also I do hope you know the context of my posts relate to the UK market?

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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by CalRobert on Monday September 02, 2019 @06:23AM (#20858081)
People like living high above traffic. There's a reason penthouse apartments are at the top.
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Re:The Mobility Trap: Why We'll Never Fix Congestion by Spee... by MrAlex94 on Tuesday September 03, 2019 @01:34PM (#20868939)
Bar the main roads, there’s not a lot of traffic down residential streets in London.
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