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> You're missing the point, people from middle class housing wont be able to move into luxury housing, most people don't have the means to do so. By the time t
by Lazare 8y ago
> You're missing the point, people from middle class housing wont be able to move into luxury housing, most people don't have the means to do so.
By the time they move into it, it won't be "luxury housing". Changes in supply change prices. :)
And again, this is literally how the housing market has historically worked; it's not wild speculation to suggest it can continue to work.
> Building expensive homes raises the prices of everything around them so now most homes in a place like Boulder are out of reach.
Prices in a market are not set by production costs.
- Cyclone_ 8y agoWhat do mean continue to work? It's clearly not working in Boulder where they are building luxury homes. Those types of places are trying what you claim will work and it's not working.
- WillPostForFood 8y agoIt doesn't work because of the lack of building. You have to unleash it for it to work. Boulder is only allowing a few hundred units a year. You have to allow enough construction for supply to start to exceed the demand.