[hungrygs]

Fighting gentrification is stupid. Cities with growing populations need new housing supply and the market will put resources (to build) where it meets consumer demand. Unjustifiable barriers to new housing supply will only make prices go up even faster, and for crappier quality housing, too.

[mschuster91]

LOL. The "free market" always goes for building ever more luxury apartments for the rich.

Housing is a human right and needs to be regulated as hell, otherwise you end up like London.

[saint_fiasco]

Not saying the market is infallible, but it's often smarter than you and I.

When the Invisible Hand builds luxury apartments, it is indeed for the rich, because if the rich don't get the luxury apartments they want, they will settle for middle-class apartments at good locations.

Since they are rich, they can outbid all the middle-class people, and only rich people will be able to live at places that used to house middle-class folk.

That's what gentrification means.