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Yes, I understand this argument and it makes some logical sense. The issue is that when it comes to housing, it doesn't seem to be happening, at least not on th
by JohnFen 2y ago
Yes, I understand this argument and it makes some logical sense. The issue is that when it comes to housing, it doesn't seem to be happening, at least not on the time scale of a couple of decades. Affordable housing is not increasing, and that's where the need actually is.
- mixmastamyk 2y agoYes, because of severe supply constraints in the previous decades, there are not enough old units to go around and get cheaper. Rather they refurbish and rebrand as luxury as well. As its usually illegal to build new ones, there is no competition.