> Wouldn't most if not almost all of the homeless just remain what they are and the new housing would be used by new people moving into the city? There's truth

> Wouldn't most if not almost all of the homeless just remain what they are and the new housing would be used by new people moving into the city? There's truth to that as the new stock would only go to those that could afford them, and the vast majority would be swept up by investors, unless they were actual public housing - the kind of housing that NIMBYs are most upset about. Either way having more stock ought to have a deflationary effect on housing costs. Though maybe perverse incentives/legislation could cause the opposite.