Scott Alexander is still (probably) wrong
In a recent post, Scott Alexander doubled down on his argument that building more housing generally results in higher housing prices. In his previous post, he pointed to the fact that housing is generally more expensive in bigger cities. I provided a counterexample, citing Houston and Austin. I also argued that big cities are expensive […]
Why Scott Alexander is wrong
Scott Alexander pushes back against the argument that building more housing in a city will reduce housing prices in that city. He begins by noting that housing costs tend to be higher in places that are relatively dense, such as New York and San Francisco. He is aware that this argument is subject to the […]