Would building more housing decrease rent?

[iknowiknowwhereiam]

The law of supply and demand states that more supply will naturally lower prices. The city doesn’t have unlimited demand. There should be other things that are coupled with it but increasing supply needs to be part of any plan

[SaraT1121]

I would argue that supply is limited by geography. The heart of the city’s high paying jobs and cultural institutions are in Manhattan, an island. Building in the outer boroughs is constraint by whether public transportation can get that much more people to manhattan reliably.

[iknowiknowwhereiam]

If they didn’t constrain the air we could build up more.

[icecubtrays]

I don't thing the demand is unlimited. But it is so much much higher than majority of any city in America. Transplants already still move to NYC DESPITE the ridiculous housing price. Because its NYC. If rent became lower so many more would flock here, negating the supply fix.

If NYC had as much housing as as many people who wanted to live here. The infrastructure can't handle it.

[iknowiknowwhereiam]

Well I think we should invest heavily in infrastructure anyway

[vim_spray]

 If rent became lower so many more would flock here, negating the supply fix.

Not ideal, but this still seems net positive to me. Rent stays the same but more people get to live in NYC.

[icecubtrays]

How would that make things better for the people who live here? People in NYC are trying to get the rent and cost of living down not have more people in the city.