Building luxury homes is good for the poor
· marginalrevolution.com
Tej Parikh writing in the FT: …high-end developments unlock long housing chains. As higher-income households move into newly built units, they free up older properties, raising supply and slashing prices for middle- and lower-end housing through a process known as filtering. Numerous international studies underscore this positive ripple effect. One published last year tracked households […]
Tej Parikh writing in the FT:
…high-end developments unlock long housing chains. As higher-income households move into newly built units, they free up older ...