Increasing supply matters more than policy around what specific housing is built.
If you increase supply (even if all “luxury”) - older units become cheaper relative to new units. The supply is the most important bit.
Affordable housing policy is often pushed as a way to not really increase supply. They’ll build one price controlled housing unit that’s nearly impossible to get an apartment in and call it done.
If you increase supply (even if all “luxury”) - older units become cheaper relative to new units. The supply is the most important bit.
Affordable housing policy is often pushed as a way to not really increase supply. They’ll build one price controlled housing unit that’s nearly impossible to get an apartment in and call it done.