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somefunmaths t1_j4p40ak wrote

Reply to comment by NefariousnessNo484 in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins

Depending on the location, there may be nothing (occupied) currently there. Even in the case that there were dwellings, it’s easy to see how a modestly sized building (e.g. 20 stories) would greatly increase available inventory.

If you’re replacing parking lots or vacant buildings, then even something like a little 5 story building would add substantial inventory.

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