> If the rich-ass renters want to move into a $4k/mo apartment, let them. It means they are moving out of a $2k/mo apartment which could be filled by someone with a lower income.

The sooner we all get past the initial sting of "Luxury condo coming soon!" and realize that this is exactly what's going to happen I think we'll all come to an agreement that this is eventually going to be a good thing.