Hacker News Reader

Can’t see how this is a good thing - property prices will rise since there is no cap on income generation

If my neighbor sells his house to a developer building condos, then my property appreciates

First house to convert to condos just makes everyone else’s experience that much worse: traffic congestion, parking, schools

View on HN

It's a good thing because while land prices rise with density, rent prices will decrease as housing stock increases. If your neighbor sells his house and it gets replaced with condos, then more people will be able to live there.

Maybe it's counterintuitive to you, but dense housing is actually better for traffic congestion as people are better able to live near the places they need to go, instead of having vast swaths of suburbs a la Los Angeles.

Suburban living causes traffic congestion and parking problems.

Reply on news.ycombinator.com