Hypothesis: The problem with only building luxury housing is that it's better by accounting rules to leave it empty, than to rent it out at non-luxury prices. I have some anecdata but not enough to draw a conclusion. /cc @WatsonLadd @kimmaicutler
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This is widely believed but not afaict actually true
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I could be convinced. I was looking at a luxury apartment complex in SF, at least a year or two old, +50% vacancy.
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Which building was it?
10:56 PM - 19 Feb 2018
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