On: What Happens If Housing Prices Fall 20%?

[thfuran]

Almost nobody wants to live in the middle of nowhere. That's why nobody's there.

[yucky → thfuran]

Conversely, if too many people want to live in the same place, of course it's going to get expensive.

[twiddling → yucky]

which is why you upzone

[yucky → twiddling]

Like New York, which is still too expensive.

[sleton38234234 → yucky]

doesn't have to be. Houston is one of the fastest growing cities in the US, and grew at a population increase rate x5 faster than SF, and yet it remains cost effective with far fewer homeless than SF.

[slyall → yucky]

New York isn't as upzoned as it could be. Not a lot of 20-30 story mediums priced apartment buildings being built like you'd see in Chinese cities.