Does building more luxury housing drive other rents up or down?

Abstract

As Massachusetts tries to incentivize more housing construction, there are questions about who it should be for. Surging housing prices in Massachusetts are displacing families from their homes, some from the state as a whole. 

Some activists argue the state’s most immediate need is homes for lower-income residents. Other advocates and experts counter that increasing the supply of market-rate housing, which comes with a higher price tag, could create a trickle-down effect that helps reduce costs for all residents.

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