Hey /biz/, can you guys explain how the supply & demand curves

Are you talking before or after everyone on the block puts their home up for sale?

I think so, not 100% sure though..

>>1028694
after the purchase has been made by the city with the intent to turn it into government housing

Yes, quantity goes down and price goes up due to there being less, thus p↑q↓.
Realistically price goes down because people don't want to live near homeless people, but that's not the question.

>>1028706
>supply goes down because there are less houses available
>demand goes down because now the neighborhood smells funny

>>1028706
>>1028710
so both supply & demand shift to the left?

>>1028710
This, nigger effect. Also causes housing to be more expensive in nearby whiter neighborhoods.

File: 1442381607657.jpg (112KB, 628x640px) Image search: [Google]

112KB, 628x640px

>>1028713
Supply shifts left because government now monopolizes supply, making availability less

Demand shifts right, but by those who have less money, so it's a push, see >>1028710

Overall demand by quality tenants shifts left, since no one of any value wants to live in government hovels

It's not the best analogy to apply pure S&D curves to