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> What can be done I wonder? The best option would be to build more. Unfortunately, this also seems to be the least popular option.

• downrightmike 9y ago
  Building expensive housing is the game right now and they go unpopulated. There is no desire to build affordable housing.
  • jeffwilcox 9y ago
    Yeah... it's also tough, many real estate investment trusts and companies have a fiduciary responsibility to their shareholders to seek a great return on investment. If there's no margin in the affordable housing game, it's not going to fulfill that obligation. :/
  • ryuker16 9y ago
    The old expensive housing becomes the new affordable housing. Trickle down real estate works assuming the old real estate isn't destroyed.
  • jogjayr 9y ago
    It's not so simple as "luxury housing" vs "affordable housing". Location dominates every other factor when it comes to how much a place should rent for, including fancy amenities. Why else does a shoebox in SF cost twice as much as a modern 2-bedroom apartment in downtown Atlanta? If developers build more luxury units then the prices of the older apartments will drop. At worst it's better than having no new housing stock at all.