Comment on Housing prices

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Fluffy_Ruffs@lemmy.world ⁨1⁩ ⁨week⁩ ago

“There’s also the issue of you, reading this this comment, who doesn’t want a condo or townhouse”

I get this is a popular argument but when someone buys a condo or a townhouse in a shiny new development (granted you didn’t specify new but I see new condo developments being built left and right lately) where does that money go? Developers, many of which are large corporations, are making money hand over fist.

We push for more affordable housing by adding to the supply but that’s helping fatten the pockets of large development firms, further funneling money away from the people who are scraping barely enough money together to buy the units in the first place.

I’m pointing out a problem and not a solution but I think this gets lost in the “more people should be ok with condos and apartments” argument.

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