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pydry07/31/20251 replyview on HN

Your argument here is simply "rich people dont take second homes".

I think it's rather obvious that they do.


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tptacek07/31/2025

The number of rich people buying random unoccupied apartments in new multifamily developments has measure zero in the greater scheme of North American housing policy. Meanwhile: the construction of still more housing works against the interests of anyone who would buy a random apartment and hold it vacant as an investment interest, so this is a doubly facile point.