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"Expensive housing doesn't "soak up excees demand from other neighborhoods". They are in NO WAY complimentary or competing goods. They are different markets"

its not expensive housing vs housing for the poor. Its expensive housing vs slightly less - someone looking at new units, if the new units are not there, will look at five year old units - and on down the line. In NoVa there are agingapts being renovated for yuppies, decreasing the supply of affordable housing - if there were more new hirises, the demand for the renovated older buildings would be far less.

by AWalkerInTheCity on Dec 19, 2012 3:07 pm • linkreport

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