The problem is that you don't generally destroy the used car in order to build a new one. So increasing the new cars on the road eventually also increases the number of used cars on the road.
The problem is that you don't generally destroy the used car in order to build a new one. So increasing the new cars on the road eventually also increases the number of used cars on the road.
> you don't generally destroy the used car in order to build a new one
There is very little de-densification construction happening in hot housing markets.
De-densification isn't required; a one-for-one knocking down and rebuilding of a single family residence suffices.
> De-densification isn't required; a one-for-one knocking down and rebuilding of a single family residence suffices
Sure. The only reason developers do that is because land-use restrictions prevent the construction of denser, more-profitable and more-efficient housing.