AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min snip
Encore Episode: Market-Rate Development and Neighborhood Rents with Evan Mast
UCLA Housing Voice
Luxury Units Trigger Affordable Housing Ripple Effects
New, expensive housing units can indirectly benefit lower-income residents by creating a migration chain. When someone moves into a high-priced unit, they vacate their previous, more affordable apartment, thus opening opportunities for others at lower price points. This increase in supply at these lower rates can lead to a loosening of the market, potentially reducing prices. By tracking the movement of individuals between different apartments, it becomes evident that this chain of moves can continue down to areas with even more affordable rents, progressively influencing the broader housing market and decreasing demand in median income areas.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode