I meant "people who might have bought an old home instead went to the new one". If I have a market of 10 dumpy old cars, people will pay X for it. If I destroy

I meant "people who might have bought an old home instead went to the new one". If I have a market of 10 dumpy old cars, people will pay X for it. If I destroy 1 dumpy old car and add 2 brand new cars, people will pay more for the new cars (like your new building) but the dumpy old ones will be slightly cheaper.