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Yeah, I've heard that said, but it assumes the older apartments will drop in price. If there's more demand than supply, why would they drop?
by cratermoon 3y ago
Yeah, I've heard that said, but it assumes the older apartments will drop in price. If there's more demand than supply, why would they drop?
- matthewdgreen 3y agoSo I read the objection above not as “prices won’t drop if we don’t build enough,” which is perfectly reasonable. But rather as “prices won’t drop if we build enough supply but the new construction is mostly targeted at the high end of the market,” which I think is not true.