this post was submitted on 23 Mar 2026
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Don't take this the wrong way, but that reminds me of the adage of loosening laws to get companies to build condos and houses, even if most development consists of luxury housing units because somehow there is more on the market, ergo more supply. I am not sure how far either calculi hold true.
A) most development marketed as "luxury" are not actually luxury in any sort of way. It's just a marketing tactic.
B) I wouldn't expect this to be built by for profit developers. The government should be the one building it.
"Luxury" means "market value", i.e., will be rented/sold for maximum profit margin.
I think this is a wholly sensible wish. The thing is however that the governments are building nothing in this political climate and would rather wait for people to die off to make room.