Among the more risible arguments advanced by the anti-growth crowd is that somehow by allowing more development in Seattle we will end up overbuilt, with too many housing units and not enough people to fill them. One Seattle City Councilmember even worried aloud that neighborhoods like Roosevelt would become transit oriented “ghost towns” with window shutters flapping in the wind, and tumbleweeds rolling down the street if the Council rezoned key blocks there.
In my ongoing reading about how the law of supply and demand plays out in the housing market I found a study that looks at the overbuilding issue,”The Supply Side of the Housing Boom and Bust of the 2000’s. Even if we were overbuilt or overbuilding, it wouldn’t be a bad thing, especially with Seattle’s already tight supply of housing.
But don’t just listen to me, here’s one of the findings from a literature review…
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Utopia, you are standing in it! 
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