> it's not priced primarily via supply or demand If you're going to make a claim this strong, you really should provide a better supporting argument. > new lu

> it's not priced primarily via supply or demand If you're going to make a claim this strong, you really should provide a better supporting argument. > new luxury condo construction creates a form of financial "pollution" One thing about "luxury" is it's another word for "exclusive." That is relevant because if you flooded an area with "luxury" housing, then the features that define "luxury" would have to change. One can easily see this has happened as buildings that were "luxury" in the 1960s are (unless they have undergone wholesale renovation) no longer considered "luxury." (Two of my favorite luxury amenities are indoor plumbing and A/C.) One can also observe this across American cities. Some "luxury" apartments in NYC are not very expensive in other cities, because the supply & demand are not as out of balance.