"This is a promising conclusion and largely intuitive. If there is more of a thing available, prices go down. Perhaps Kansas City and St. Louis really need to focus on building housing of all kinds, knowing that this alone will increase the availability of affordable housing."
Affordable housing was a big issue in the recent Kansas City mayoral race, and there may be more legislation coming to address the issue. As Kansas City figures out how to increase the stock of affordable housing, many-including this author-have bemoaned the focus Kansas City has placed on subsidizing luxury market-rate high rises downtown.