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ktxhopem3276 t1_j6ncylc wrote

Reply to comment by dementedturnip26 in Coming soon to West Deer: Nearly 170 new homes in 2 housing plans by dementedturnip26

If anything it will reduce competition for existing homes. New housing increasing prices of existing housing is a myth perpetuated by the fact that new housing is only built when there is huge housing demand. However due to the overall shortage of housing it’s like pissing in the ocean.

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dementedturnip26 OP t1_j6nn12e wrote

Yeah. That’s constantly the argument I see, that building these lowers prices. However this is just too little to do anything.

You build a thousand homes priced 250k to 350k the maybe it does something

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