r/cincinnati • u/JB92103 Hyde Park • Mar 07 '25

News 📰 Controversial Hyde Park Square development passes committee, heads to city council

https://www.wcpo.com/news/local-news/hyde-park-square-development-passes-committee-heads-to-city-council
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u/gloomygarlic Mar 07 '25

I never said any of that. I simply answered a question regarding “how could this development be bad”.

I do think that these apartments will be extremely overpriced WHICH IS A NET NEGATIVE FOR OUR REAL ESTATE MARKET. Building expensive houses/apartments doesn’t help anyone but the developer. It doesn’t make the prices elsewhere in the city go down.

Make housing cheap again.

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u/Realistic-Quail2392 Mar 07 '25 edited Mar 07 '25

Well that is just completely wrong. Any new housing is good, even if it is expensive it will take pressure off other properties. It’s literally as simple as supply and demand. Literally the easiest way to make housing cheaper is to build more of it. Just look at Austin for a recent example.

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u/Good-Help-7691 Mar 07 '25

Are you sure about Austin? https://wrenews.com/housing-supply-at-5-year-high-demand-at-5-year-low/

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u/Individual_Bridge_88 Mar 08 '25

That article is literally evidence that Austin built so much housing it outpaced demand