alt Hacker News> However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.
I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing.
We're five years in. No meaningful change is visible from the perspective of folks who need affordable housing.
Based on that lesson, I expect what CXMT does there to have no meaningful effect here.
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The RAM market is much more commoditized than housing. Almost any increase in supply should reduce prices world-wide.
How could a subsidized housing number increase from building not-subsidized housing? That is illogical. The market rate housing will become cheaper and therefore more housing will be affordable to more people but you can’t make the number of “affordable housing” units go up by building anything else because “affordable housing” is a brand name for subsidized housing.
> I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing.
If I may ask, what cities? For example, Austin has seen a 6.6% asking price decrease for 0- to 2-bedroom units [1]. The big problem is there is an absolutely massive hole, and very few places are building "enough" to make a dent.
[1] https://www.realtor.com/advice/hyperlocal/austin-rents-are-g...