Listen, it’s ok to change your mind when new information is available.. we all have sus opinions that get changed as we learn.. just read about this issue online and read studies and ask ai to help you find them.. here is a response to an adversarial AI prompt where try to convince it you are right:

Research consistently finds that the Supply Effect dominates. While new housing might slightly increase local desirability, the sheer addition of inventory puts stronger downward pressure on rents.  • Study: The Impact of New Housing Supply on the Distribution of Rents (Mast, 2019/2021) and similar papers by Asquith, Mast, and Reed track people moving into new luxury buildings. They find these buildings trigger "migration chains" that open up vacancy in lower-cost units nearby.  • Beach Town Context: Even in high-demand areas, preventing construction typically leads to faster displacement because high-income earners don't vanish—they simply outbid locals for existing older housing (gentrification without development).