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Ok? But the studied markets are the ones where low income housing is both most needed and also often staunchly opposed by nimbys.
by stormbrew 6y ago
Ok? 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?