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Luxury apartment from 50 years ago is an affordable housing right now is another way to look at it. Same principle behind targeting the high end market first f
by chrischen 4y ago
Luxury apartment from 50 years ago is an affordable housing right now is another way to look at it.
Same principle behind targeting the high end market first for new products. Affordable iPhones are the used ones or the older models… not the latest models. Outside of government subsidies, the private market doesn’t target the poor for new stuff because it doesn’t make economic sense.
Yes it lowers rent by increasing supply. Same principle behind old iPhone models going on sale when the new model comes out. The rich people buy the new phones and flood the market with old models.
If you also look at the iPhone mini experiment it had abysmal sales… the phone was a new model that targeted the lower end. People Penny pinching tend to also look at used phones or actual old models.
- sgerenser 4y agoI mostly agree with what you said in regards to housing, but the iPhone mini is a bad analogy. It wasn’t a low end model, it was a mid/high end model with a small screen, and apparently there’s a vocal but not nearly large enough minority that likes small devices. The iPhone SE is the low end model, and it appears to be selling quite well.
- chrischen 4y agoOk mid level maybe but definitely not high end. The mini did not have any of the high end features like improved camera, lidar, etc. SE is more or less rebranded old model. But I think it still fits with my point that the new stuff doesn’t sell well with the poorer market.