the thing is that these being available frees up other units, and you need to build enough for this to actually result in falling house prices. Canada and the US are generationally behind on building housing and so this effect will take many projects like this to show up.
Rich people do not pack up and leave in the absence of luxury housing. They settle for the next best unit, and then the people who would've booked that unit settle for their next best unit, and the shit continues rolling downhill. You have people spending thousands of dollars a month to live in Manhattan in buildings originally built as tenements.
Rich people do not pack up and leave in the absence of luxury housing. They settle for the next best unit, and then the people who would've booked that unit settle for their next best unit, and the shit continues rolling downhill. You have people spending thousands of dollars a month to live in Manhattan in buildings originally built as tenements.