top | item 37109725 (no title) dicomdan | 2 years ago Luxury just means new. Prices are high because supply is low. discuss order hn newest ethbr1|2 years ago Luxury definitely means 'on the higher side of the price range' and 'not affordable housing'.Which is what you'd expect to happen in a free market.Absent a reason, why would developers voluntarily choose to build an option that would make them less money? slyall|2 years ago If people can't afford $1m apartments then developers will build cheaper ones if they can make the numbers work. load replies (1)
ethbr1|2 years ago Luxury definitely means 'on the higher side of the price range' and 'not affordable housing'.Which is what you'd expect to happen in a free market.Absent a reason, why would developers voluntarily choose to build an option that would make them less money? slyall|2 years ago If people can't afford $1m apartments then developers will build cheaper ones if they can make the numbers work. load replies (1)
slyall|2 years ago If people can't afford $1m apartments then developers will build cheaper ones if they can make the numbers work. load replies (1)
ethbr1|2 years ago
Which is what you'd expect to happen in a free market.
Absent a reason, why would developers voluntarily choose to build an option that would make them less money?
slyall|2 years ago