Hacker News new | ask | show | jobs
by IX-103 1509 days ago
What if developers built too many apartments so there is no shortage? What if the builders all decided to tear down the cheap apartments and build a bunch of Luxury Condominiums when the the housing market is full broke college students who can't even afford to cover the taxes on individual units?

You can say the market won't let it happen, but the second case is the current real estate market for the town I went to school in.