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Increasing supply has not created more affordable housing in any popular area here (or in other cities).

So what is the solution to the price problem? Not increase supply? Why would that keep prices down in an area? If people want to live in an area presumably some of them are willing to pay above advertised prices to do so. That drives prices up if you don't build anything new for them to buy.

As Alex B. said, you have to build new market-rate units and new subsidized units.

by MLD on Jan 28, 2013 12:36 pm • linkreport

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