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Honestly I'd rather have developers build 1,000,000 luxury houses than 100k luxury + 900k "affordable" houses. In the long term high-income people will live in
by yes_really 4y ago
Honestly I'd rather have developers build 1,000,000 luxury houses than 100k luxury + 900k "affordable" houses. In the long term high-income people will live in the best houses, and if there aren't enough luxury houses, then they will just live in simple houses and those houses will increase in price because of all the demand of high-paying renters/buyers and the good school districts.
That's what we have in the Bay Area - $3,000,000 houses in Mountain View that working class people used to live a few decades ago. And now working class people are priced out of even those simple houses. Nobody wins.