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I actually never said that housing supply changes would make existing housing less expensive. I actually believe that the blog post author's proposal to build demand by supplying more housing is, of course, likely to drive prices up rather than down.

What I do agree with the author on is that we can provide our already-expensive housing more value by increasing housing stock in demand-rich areas. That way, housing may still be expensive, but at least it's worth it.

by Scoot on Dec 19, 2012 3:51 pm • linkreport

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