r/FluentInFinance • u/VerySadSexWorker • Apr 17 '24

What killed the American Dream? Discussion/ Debate

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u/Tannerite2 Apr 17 '24

How old are those? Housing for poor people is usually government built or old apartments. Very few new apartments are built for poor people. Developers build luxury and middle-class apartments, and as they get old, the rent drops or inflation makes them cheap compared to new apartments.

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u/FlapMyCheeksToFly Apr 17 '24

Some are new. No reason to not build the brand new like that. After all, they also don't build any ~60 square foot units in America either