Increasing supply matters more than policy around what specific housing is built. If you increase supply (even if all “luxury”) - older units become cheaper re

Increasing supply matters more than policy around what specific housing is built. If you increase supply (even if all “luxury”) - older units become cheaper relative to new units. The supply is the most important bit. Affordable housing policy is often pushed as a way to not really increase supply. They’ll build one price controlled housing unit that’s nearly impossible to get an apartment in and call it done.