[opportune]

I think part of it is due to lack of understanding, you see new buildings being built that are going to rent out at the high range, and you think nobody actually affected by lack of housing will benefit from it. People who think differently ought to do a better job explaining to the general public why building luxury housing can help the people not living in luxury housing

[journalctl]

It’s also frustrating because new housing is always necessarily market rate, and when the market rate is ridiculous, new housing is ridiculous. I live in “luxury” apartments from 1970, and even though I live in an expensive city, my rent is decently reasonable for the area (plus, I would hardly describe my unit as luxurious, unless you consider shoddy craftsmanship and ugly decor luxury). Point is: new is market rate, and market rate is expensive. So people see new apartments go up with market rates and assume that it’s just intentional gouging vs a reaction to market forces. And this doesn’t even touch things like how zoning encourages buildings like this, etc.

[leetcrew]

luxury housing doesn't have a fixed luxury price; it just tends to be more expensive than lower end housing. I just moved into a relatively expensive apartment that is at the upper edge of what I can afford. rent in this area is actually experiencing a bit of downward pressure because several new high-end apartment buildings are going up at the same time. previously I was renting a place that was much cheaper. if the new place had been $100 more expensive, I wouldn't have moved. but I did move, and now someone with less money can live in the place I moved out of. the new building I moved into has many more units than the townhouses it replaced. if enough people like me move into it, they will no longer be bidding up the lower end housing.

[opportune]

I agree! I’m saying we should explain this phenomenon of luxury housing supply opening up more lower end units to people, rather than throwing our hands in the air and lamenting that people just don’t get it