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HatefulDan t1_j6gh34v wrote

Reply to comment by User-NetOfInter in “People Moving From NOVA to Richmond Are Ruining Our City” Reports Guy Who Moved Here in 2018 by ThatChildNextDoor

They are. It’s just that it’s unaffordable and are starting to resemble NOVA prices. It once was that if you charged over 1k for housing, that you’d have allllll the amenities. Now, even the shit sheds are 1k

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User-NetOfInter t1_j6ghg6d wrote

They’re not building enough. The city still makes it too difficult to build more.

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HatefulDan t1_j6gk6e9 wrote

Right. But if you continue to charge a premium+ price for each property that you DO develop, then it doesn’t matter how little or how many you build, if most people are still priced out.

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User-NetOfInter t1_j6hpic2 wrote

Market powers will drive down premiums if you allow competition.

The only solution is to build more. Period.

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PyreDruid t1_j6kg00p wrote

If you build enough housing, pricing will go down.

Supply and demand is real, you're talking about a situation where supply never is allowed to catch up.

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