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
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
