| ▲ | Sabinus 16 hours ago |
| Luxury apartments do reduce the housing shortage. Cashed up boomers can move out of the nice family home they've been living in since the kids left and upgrade/downsize. Building the high end and having people move up helps with the high cost of construction also. |
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| ▲ | mikeyouse 16 hours ago | parent [-] |
| The general phenomenon is well known to those who study this kind of thing, but yep, building housing of any price helps reduce costs overall: https://en.m.wikipedia.org/wiki/Filtering_(housing) |
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| ▲ | nothercastle 11 hours ago | parent [-] | | Depends on if people live in it or buy as an investment and leave it vacant or air bb as often happens in London | | |
| ▲ | mikeyouse 10 hours ago | parent [-] | | Not really since those people would otherwise some different existing property to do the same thing with. | | |
| ▲ | nothercastle 4 minutes ago | parent [-] | | I’m not going argue that that basic Econ does not indicate that this should help a bit with housing demand. The question is how much and is it really worth loosing a public institution for. The marginal utility for the general person of a public market seems higher than that of a couple extra housing units |
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