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More stock is more stock. The guys moving into the rich condos live somewhere now, presumably somewhere worse, since they want to move. It's demonstrably effe
by warcher 10y ago
More stock is more stock. The guys moving into the rich condos live somewhere now, presumably somewhere worse, since they want to move. It's demonstrably effective in freeing up lower income apartments. Perhaps these lower income apartments are still going to be expensive, and available only to whatever you define as the "wrong kind of people", but you gotta start someplace.
- st3v3r 10y agoNo, it really isn't. That's basically the equivalent of trickle-down economics, which has been shown to be a failure.
- muzz 10y agoThere was an article that something like 45% of new units are bought by foreigners and people from other metros.
- warcher 10y agoSure, but that presupposes that they aren't buying units already. I don't think that's likely.