4 ms·
> if we suddenly built a million “luxury” apartments in each major city How would you realistically "suddenly" build a million apartments? Is there enough labo
by jjav 3y ago
> if we suddenly built a million “luxury” apartments in each major city
How would you realistically "suddenly" build a million apartments? Is there enough labor in the country to do that? Enough land in each major city? A million is a lot. Some ddging suggests San Francisco has about ~400K housing units, is adding a million realistic? Let alone suddenly?
> there would be a bit of competition for tenants
But no builder will build apartments that might have to be rented at a loss if the bidding war takes prices too low.