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It’s a completely reasonable concern if new luxury housing is replacing older rundown construction. If the population growth rate is large enough, poorer people
by seanmcdirmid 2y ago
It’s a completely reasonable concern if new luxury housing is replacing older rundown construction. If the population growth rate is large enough, poorer people get evicted from the older housing that is then occupied by newer richer residents, and they can’t trade down to other remaining older housing, just out.