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It’s not clear there is anything to fix here. I think the article explains pretty well that, yes newer units will be preferable to wealthier residents, but this
by erentz 6y ago
It’s not clear there is anything to fix here. I think the article explains pretty well that, yes newer units will be preferable to wealthier residents, but this results in older units being cheaper, and results in fewer existing/non-wealthy residents in the area being displaced.
Often luxury is also a misnomer. At least here in Seattle most of what gets labeled as “luxury” is merely new. There’s nothing that special about the complexes or units aside from newness. The materials etc, aren’t luxury grade.
- Kalium 6y agoIf all the housing you're accustomed to was shoddily built more than seven decades ago and indifferently maintained since, then quartz countertops and generic Whirlpool dishwashers probably seem like an unfathomable level of luxury. As you say, though, it's generally a misnomer. Often it seems like a thin euphemism for "New and not for you".
- nitrogen 6y ago"Luxury" rarely even includes adequate soundproofing. You'd find more people willing to pay more money for less space if they got some of the same privacy and noise pollution benefits they get in standalone houses.