it's worth noting that the opposite, not making any higher-end homes, doesn't actually work to increase affordability either.
we actually saw this when new cars became unavailable during the COVID supply chain crunch and then used car prices skyrocketed. the real estate equivalent would be literal tenements in New York renting at $4-5k a bedroom.
we actually saw this when new cars became unavailable during the COVID supply chain crunch and then used car prices skyrocketed. the real estate equivalent would be literal tenements in New York renting at $4-5k a bedroom.