Zorba
Lifer
I wasn't making any moral argument. Just saying he is right that housing could have an induced demand. Build cost will be higher for a >4 story housing project than for the same square footage of SFH, land cost is the variable that makes high density housing much more affordable. Unit cost on low/middle density multi-family is probably almost always lower, though.The good news is the demand already exists many metro areas to support "higher cost" construction. And people being able to choose to live without roommates because costs come down is a good thing. Less crowding because there is more housing units per some unit area is a good thing.
Higher cost is also a bit of a misnomer though: per unit cost can be much lower than a single family home in the same spot.