2025
"Can luxury housing do anything for homelessness?"
Housing costs– to buy or to rent– have far outpaced income growth. As a share of our income, we’re now spending more on housing than at any other point since World War II. But it seems like every time we try to build more housing it’s a million-dollar condo or upscale townhouse with luxury finishes. It’s not affordable. So what actually happens when we build that expensive housing– and can it do anything for affordability?
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