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Texas_Rockets t1_j688y4q wrote

Reply to comment by carbolicsmoke in What do you like, or LOVE about Washington, DC? by yunnifymonte

2 story housing in a densely populated city is still really low. It sounds like you’re describing the suburbs, not a city.

Why do you think rents are high then? Simply by the law of supply and demand, keeping supply low is going to raise the price.

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carbolicsmoke t1_j68feal wrote

Not denying there are supply constraints, only saying that building height is not the primary limitation IMHO.

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Texas_Rockets t1_j68flx0 wrote

Who’s to say what the entire range of causes is. But my point was that prohibiting people from expanding housing supply vertically when horizontal space is at a premium can only place upward pressure on prices

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