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As long as the absolute number of units in that 75% is large enough, it can still successfully kick start this filtering process. Fascinating to see actual stu
by cassieramen 11y ago
As long as the absolute number of units in that 75% is large enough, it can still successfully kick start this filtering process.
Fascinating to see actual studies supporting what the free market is already pushing for, more luxury housing.
- nedwin 11y agoMore what I was trying to say is that we're focused on short term gains in affordable housing (the 25%) instead of maintaining our current 12% and focusing on total volume of new housing - whether it's luxury or not.
- ubernostrum 11y agoI would think the biggest concern is creating a twin bubble of tech startups and housing. Then when the tech bubble pops you get all the real-estate developers soaked by the sudden calamitous drop in the value of the housing units they put up (which assumed a steady supply of people moving in with six-figure incomes).