> Because the new houses built are intended to be bought buy people who have money at incredibly high prices. The demand is not infinite. If these new luxury h

> Because the new houses built are intended to be bought buy people who have money at incredibly high prices. The demand is not infinite. If these new luxury houses actually do sell to the people who have the money to pay the incredibly high prices, what happens to the existing houses that were not purpose-built to sell to the rich? If the new houses satisfy even a part of the demand, prices on the existing houses have to drop.