▲ 625 ▼ What good do luxury apartments do that no one can afford? (thelemmy.club) submitted 1 week ago by GolfFoxtrotLima@sh.itjust.works to c/politicalmemes@lemmy.world 77 comments fedilink hide all child comments cross-posted from: https://feddit.org/post/23276653
[–] RidderSport@feddit.org 4 points 1 week ago (1 child) @plyth@feddit.org would argue that, luxury appartments lead to affordable appartements - eventually. permalink fedilink source hideshow 2 child comments replies: [–] plyth@feddit.org 5 points 1 week ago* True, as long as the market is competitive and people can't make money by holding appartments. So it may be necessary to use vacant home taxes like Amsterdam. Anything that creates supply is good. Luxery appartments make people move out of other appartments. Supply increases, rents go down. But of course, to quickly build enough appartments for everybody and bring rent down to 25% of costs of living, or even 5%, is even better. https://feddit.org/post/34635067/14682965 permalink fedilink source parent
[–] plyth@feddit.org 5 points 1 week ago* True, as long as the market is competitive and people can't make money by holding appartments. So it may be necessary to use vacant home taxes like Amsterdam. Anything that creates supply is good. Luxery appartments make people move out of other appartments. Supply increases, rents go down. But of course, to quickly build enough appartments for everybody and bring rent down to 25% of costs of living, or even 5%, is even better. https://feddit.org/post/34635067/14682965 permalink fedilink source parent
