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SuckMyAssmar t1_j8otscb wrote

Reply to comment by itsonlyastrongbuzz in Gentrification by [deleted]

Ok, you are kind of all over. Luxury apartments are priced at market rates. You are also looking at this with an economist’s view, talking about the market CoRrEcTiNg.

Do you have any responses to the questions I posed above?

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IntelligentCicada363 t1_j8pgr2f wrote

Have you ever been inside a “luxury apartment”? I assure you they are not very nice.

And the poster you are replying to is correct. City housing values were massively depressed by social, cultural, and economic forces in the 1950s-1990s.

Cities became desirable to live in again and prices went back up, but they kept going up because the population increased but no homes were built in the interim.

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Middle-Example6618 t1_j8sqnsu wrote

>Do you have any responses to the questions I posed above?

Those were responses.

The problem is.... this isn't a Burger King.... and so you didn't get it your way.

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