Vacant office buildings to housing feasability study

[ucbalumnus]

@kiddie

There is some evidence that even adding new higher end apartments to a local market, eases some pressure on the lower end of the market (I have read this but can’t remember where or when - so I cant supply a link).

Yes, even the addition of expensive housing means that wealthy people can live there instead of bidding up the rents and purchase prices of housing that would otherwise be lived in by less wealthy people. However, such trickle down may not reach poor people as effectively as building more lower cost housing.