3 ms·
But the said "upper-middle class and wealthy tenants" already bought the "new apartment / condo building" that were built in the first place. It seems to me th
by guardiangod 7y ago
But the said "upper-middle class and wealthy tenants" already bought the "new apartment / condo building" that were built in the first place.
It seems to me that opponents seem to think there is a phantom limitless pool of "upper-middle class" that buys up all the new high-end condo _and_ all the refurbished older units.
Logically speaking, this is not possible
- cf 7y agoThere doesn't need to be a limitless supply. In many cities if buyers aren't found, property owners are content to leave them vacant. You can see this in the relatively higher rates of vacanies in condos compared to other kinds of housing.