[frenchy]

Yeah, but I'm pretty sure that's not what's happening here. What jccalhoun is describing is actually a reduction in the cost of living. The younger people from the city are moving from the city because the town is cheaper. They didn't move before the aparments were built because the detached homes in the suburb were too expensive.

What's happening is two things 1) that people in detached homes in the middle of town the who aren't willing to live in apartments are seeing costs go up (because their land is more valuable) and 2) more people from the town are working it the city.

Of these two thing, I'd say that #2 is generally bad, but also orthogonal to building apartments. It just happens to be that they often happen together.