2min chapter

The Joe Walker Podcast cover image

The Housing Supply Myth - Cameron Murray & Ian Mulheirn

The Joe Walker Podcast

CHAPTER

The Unintuitive Relationship Between Population Size and House Prices

People often assume that what you mean is, oh, yeah, the population size or the number of houses has no impact on prices. Of course it does. This is only a question of what's the relative scale of of effects. And so small changes in population really don't have a huge effect in this empirical question. But I think for most people, that's the bit that is difficult to get your head around.

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