alt Hacker NewsCome on, think about it.
You got more people into the place. Now more employers move in, as they have access to a bigger pool of employees. What's next?
Put yourself into the shoes of a real estate developer.
Come on, think about it.
You got more people into the place. Now more employers move in, as they have access to a bigger pool of employees. What's next?
Put yourself into the shoes of a real estate developer.
Yeah that’s induced demand and it’s a good thing for the economy.
The rents are supposed to reduce only temporarily. But the goal is to not reduce is permanently. The goal is to increase land utility. Building houses helps with that cause.