Re:LA pays $2600 per homeless tent, per month
by nerfhammer on Thursday May 27, 2021 @12:18AM
(#27299350)
New housing is always relatively "luxury" because newness is itself a luxury. Much of what is relatively affordable now was relatively "luxury" when it was built. But if you stop building anything new it would be like trying to keep the price of cars down by banning new cars – what will happen after a decade or two if you did that?
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Re:LA pays $2600 per homeless tent, per month
by TchoBeer on Thursday May 27, 2021 @09:42AM
(#27302981)
To use your car analogy- just because a new car will be worth more than a used one (and this is much more true of cars than houses), that doesn't mean there's no such thing as a luxery car. Sure, newness is a type of luxery (I'm not sure how much housing price depreciates with time, but I'll believe you on this one), but new houses can be built to cater to wealthy buyers or to cater to lower income buyers.