Submitted by Maxcactus t3_znccng in washingtondc
Less_Wrong_ t1_j0gyaq1 wrote
Reply to comment by EverybodyBeCalm in DC's old Vanguard building to be converted into downtown apartments by Maxcactus
That’s what happens when cities and nimbys block housing of all kinds. Only the high margin stuff (luxury/higher end) stuff gets built. As more “luxury” housing gets built (which helps prevent high earning people from moving into low income housing for low income people), builders move to provide lower margin housing
oxtailplanning t1_j0ij7fq wrote
Luxury literally just means new.
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