Development advocates are betting on supply and demand to cure the region’s housing woes. Build more, and prices drop. But what if they do not? This article in the Boston Herald reports that developers built or permitted 24,953 new homes and apartments between 2011 and 2018, but most people still find it hard to afford the cost of living in Boston as rent and home price increases far outstrip growth in wages. Why doesn’t supply and demand work?


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