Why Are Developers Only Building Luxury Housing?
Stop me if you’ve heard this one before: “Developers in my city are only building luxury housing. They’re not building anything that ordinary people can afford.”
Too often, the observation, “Developers are only building luxury housing,” reflects a lack of understanding of the situation it describes.
We need a more sophisticated understanding of these problems, so we can have more sophisticated conversations about what to do about them.
Read on for five reasons you might see your local developers primarily building homes that you and your neighbors can’t afford.