That house would be even cheaper if there were less demand for it, and there would be less demand for single family homes if the supply of medium density dwellings were improved. Lots of people would want to live in the cheaper to build, cheaper to live in terrace houses, row houses, duplexes, town houses, flats, and brownstones. And with people moving out of the suburbs, your suburb house would get cheaper.
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That house would be even cheaper if there were less demand for it, and there would be less demand for single family homes if the supply of medium density dwellings were improved. Lots of people would want to live in the cheaper to build, cheaper to live in terrace houses, row houses, duplexes, town houses, flats, and brownstones. And with people moving out of the suburbs, your suburb house would get cheaper.
I know exactly 0 people that want to live in the projects.
I know a bunch of people that do live there, however.
They all hate the row houses, terrace housing, etc.