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Interesting though on the supply side question. I remember reading some comment here that basically said, People do not build low income housing, they build hi
by dougmany 10y ago
Interesting though on the supply side question. I remember reading some comment here that basically said, People do not build low income housing, they build high income housing that then gets old and becomes low income housing. That means there is a several decade lag in housing supply for low income.
- AstralStorm 10y agoCould be fixed by central regulation but allegedly free market solves all problems by itself.
- OrwellianChild 10y agoNot so, because of filtering... [1] Adding new stock at the top makes existing stock more affordable. It's a gradient - not a age-based scale. [1] http://cityobservatory.org/what-filtering-can-and-cant-do/ http://cityobservatory.org/what-filtering-can-and-cant-do/