[eecsninja]

Ding ding ding, we have a winner!

This is something that most people who in the "only luxury housing will be built" camp miss.

If the newly rich (either acquired wealth or moving in) can't buy luxury housing because none is being built, they will just do create their own luxury housing. That's one less housing unit for normal folks.

Exhibit A: https://sf.curbed.com/2015/10/8/9913302/victorian-disembowel...

[ineedasername]

I don't disagree that luxury housing will have some effect, but the "in a few decades" part is where I see a problem. It's only a partial solution, and only in the long term. If there's demand for it then sure, build it. But also build other kinds.