2 ms·

In reality older housing gets bought renovated and marketed as luxury housing, so the affordable housing is lost to the higher profit market.

• lupire 5y ago
  Richer people will always outbid poorer people.
  • kortilla 5y ago
    There are fewer rich people than the capacity to build homes. Keep building homes until the rich stop buying them.
    • yvdriess 5y ago
      Houses are bought using money, not heads.
      • newsclues 5y ago
        Good thing governments can collect taxes or print money and hire people to build housing.
      • kortilla 5y ago
        Rich people won’t buy houses if there isn’t a stupidly low restriction on capacity. That’s the same reason they don’t hoard land.