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Supply is not keeping pace with demand because it takes years to get anything from conception stage to construction project. And in the meantime your project went through so many public meetings that you didn't get to build as many units as you wanted to. It's not a belief in "market working well" vs "market failure," the market can work well in some ways and poorly in others. I like the attempt at "gotcha" though.

Also gotta love this fallacy:
I'm willing to wager that you will not see affordable housing in that neighborhood
Therefore nothing can change that and I'm right that rents only go up!

by MLD on Dec 19, 2012 2:26 pm • linkreport

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