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The argument that building new buildings "displaces" people is nonsense. In fact, I'd argue that more people are displaced by not building, due to supply constr
by matchbok 7y ago
The argument that building new buildings "displaces" people is nonsense. In fact, I'd argue that more people are displaced by not building, due to supply constraints. Wealthy people will always be able to outbid others, and if supply doesn't keep up with demand people will be displaced.
Also, nobody is entitled to live anywhere they want at whatever price they want. It's this attitude that drives so many "affordable" housing programs that are complete failures (and a tax on the middle class).
- illliiiillllil 7y agoReplacing an old building involves tearing down the old building. If somebody lived in it, and cannot afford the rent cost in the new building, they are displaced! Building a new building does not make the rental price of old buildings go down!