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In the markets with already extremely high demand, arguably markets where value and price are already fully uncoupled (eg bubble markets). An analysis on more "
by mdoms 6y ago
In the markets with already extremely high demand, arguably markets where value and price are already fully uncoupled (eg bubble markets). An analysis on more "normal" markets would, I suspect, paint a very different picture.
- stormbrew 6y agoOk? But the studied markets are the ones where low income housing is both most needed and also often staunchly opposed by nimbys.
- remarkEon 6y agoYeah, but that's the point the parent is making. "Most needed" just means "high demand market", and in markets like that it's almost impossible to do anything to upset the trajectory of housing costs - unless we have another 2008-style mortgage crash because of fraud. The lesson to take here is that putting affordable housing in excessively expensive markets might actually be a really smart idea.
- woah 6y agoIt tends to be excessively expensive to build in those markets, which is what has led to the excessively high prices in the first place.
- Waterfall 6y agoNeeded by whom? Why does someone who can't afford the prices deserve cheap housing downtown?
- netcan 6y agoThis is the premise. It's not intended to prove the point widely, just in high price/demand markets. Given low inventory and high prices in these tight markets, we set out to uncover how much homeowners really have to fear.