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by the time they are all finished being built, everyone will have relocated. The bubble is going to burst.
More apartments & condos = more competition between landlords = more consumer/renter power => lower pricespic.twitter.com/0oEIokK3XF
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Since the 90's we've seen a fundamental shift in where people want to live. Millenials like cities. That's not just a bubble.
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nice theory. Reality is new luxury housing is attracting large number of second-home purchasers http://48hills.org/2014/09/29/investigation-new-condos-arent-owned-san-francisco-residents/ …
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Housing is "luxury" when it's expensive, new or old. New housing doesn't generate demand. New jobs do.https://twitter.com/SFGate/status/752865931097886722 …
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