>We need the housing though, so it’s good we have that. I’m not sure we need more housing in the form of townhomes that cost $700,000+ each but at least it’s higher density than single family residences, which are killing the housing market in their own way.
An optimistic theory is that new high-value housing leads to good outcomes for everyone: developers make a better profit, the area becomes more appealing, wealthier families can upgrade to the new houses, the local government gets more real estate taxes, and the previous houses of the relocators can be bought by less wealthy families (repeat this last step down the wealth scale).
An optimistic theory is that new high-value housing leads to good outcomes for everyone: developers make a better profit, the area becomes more appealing, wealthier families can upgrade to the new houses, the local government gets more real estate taxes, and the previous houses of the relocators can be bought by less wealthy families (repeat this last step down the wealth scale).