induced demand
Pouring More Concrete Just Increases Traffic, Part The Millionth
In Other News, Water Is Wet
Department of Duh: Five years ago this month, a northbound carpool lane opened on the 405 freeway, between the 10 and 101 freeways, widening 10 miles of the interstate. It took half a decade to construct and cost more than $1 billion. Since then, average northbound drive times through the Sepulveda Pass have increased at all …
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CONTINUE READINGBuild, Baby, Build?
New Study Points To More Sophisticated Analysis of Upzoning – And Perhaps Surpassing the Stale Gentrification Debate
A couple of weeks ago, I noted a study casting some doubt on whether upzoning leads to a decline (or at least a stabilization) of housing prices. The theory is that by building more, developers are simply inducing demand, pushing out low-income people, and not reducing overall prices because of the higher demand. It would …
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