Re:Could Get Millions to Turn Factory into Condos, Is Not Se...
by nerdponx on Friday February 08, 2019 @07:55PM
(#19119989)
if she sold it to a housing developer that would create more housing
Maybe. In that neighborhood, it would likely be very expensive condos, which would likely not be rented by someone already living in New York. I really doubt the extent to which all this new luxury construction is actually easing the housing problem, versus just creating additional demand akin to what happens when you add a lane to a highway.
Maybe. In that neighborhood, it would likely be very expensive condos, which would likely not be rented by someone already living in New York. I really doubt the extent to which all this new luxury construction is actually easing the housing problem, versus just creating additional demand akin to what happens when you add a lane to a highway.