>>513192200
I do not personally buy this argument.

I am a small time developer who focuses on “historic” houses (houses pre ww1) and rehabbing dead small downtowns with mixed use (aka older pre ww2 buildings into apartments). And all of these things offer more character than a modern apartment. So if the state offered something like Singapore then people would still want to rent shit I own for a higher price due to nicer location, and features. This wouldn’t apply to the shitty overpriced new apartments but it would still apply to houses in neighborhoods I believe.