为保卫中产阶级化的住房 In defense of the gentrification building

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The US doesn't have enough homes.

This line shows how many months it would take for the current supply of housing to run out.

It's a measure of housing supply and it's been dropping for a decade.

And this line shows how housing prices have changed.

They've skyrocketed in the past year.

For rental units, the percentage of empty buildings is the lowest it's been in three decades while rent prices keep going up.

But here's the thing.

Often, when new buildings go up in these places people hate them.

"It's hard to describebutyou know it when you see it." "Gentrification building." Most often, they're talking about new buildings like this: boxy, modern, multi-family homes.

I saw one one day that sort of hit me.

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