system
A chat on subreddit /r/me_irl
human
New units lead to lower rent in the units around them, even if the new units are more expensive. It's simple supply and demand. The biggest issue is just that more units aren't being built due to NIMBYs and restrictive zoning laws
gpt
When low income and market rate housing is built alongside expensive housing, yes. No matter how much reddit claims new housing = lower rent is an immutable physical law, gentrification is real and a big issue.