Building luxury condos help with housing market as well. I don't think this is controversial (there are tons of studies that support the conclusion). >>If you

Building luxury condos help with housing market as well. I don't think this is controversial (there are tons of studies that support the conclusion). >>If you let the "market" decide on its own it will always decide on the most profitable items, even if that's not what is needed. How do you define "not needed"? Businesses will build what they can sell - the very definition of needed. The problem is that it's difficult to build. A lot of cheaper housing projects don't get build because some restrictions (like height, number of apartments, parking places) that are not necessary.