4 ms·

Another problem is the fact that all new housing tends to be semi-luxurious. No developer wants to develop affordable housing.

• armenarmen 9y ago
  Which you’d think would have a downward pressure on non luxury housing
  • adamnemecek 9y ago
    It's not that simple.
    • selectodude 9y ago
      It is literally that simple.
      • adamnemecek 9y ago
        It's not a "free" market.
• maxxxxx 9y ago
  You would think that there is a market for small houses on small lots that people can actually afford.
  • rbanffy 9y ago
    Profit margins are lower.
    • ghthor 9y ago
      It's also riskier, due to how insecure low incomes are to maintain. It's a death spiral.
      • rbanffy 9y ago
        Seems to be the perfect place for a government to step in.
  • 35bge57dtjku 9y ago
    With all the free, empty land inside of major cities?