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Schiendelman10/14/20241 replyview on HN

I don't think it really does to the supply/demand curve what you think it does.

In general, when new construction occurs, it's taking low density and replacing it with more like 10X density. A very tiny amount of land gets developed at once, so you need each new development opportunity to generate as much supply as possible.

What this did was make people think gosh, that means a lot of housing! But in actuality, very few of these ever get built. Only very old housing stock ever makes sense to replace with only a doubling.

I appreciate what you're trying to say, but what I said was actually true. This won't have much impact. I can give you drips and drabs of information this way to help you understand how development works, but I can't give you an entire primer, unless you'd like to get on the Zoom and talk about it for a couple hours.


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llamaimperative10/14/2024

Maybe true in an area that requires redevelopment to grow, but in Raleigh there are huge, huge swaths of totally undeveloped land that are now much more valuable even within the same zones. You do not need ultra-high density towers to create true urban density.

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