Episode 16: The Economics of Gentrification
Manage episode 341189261 series 3117413
Today on the CGM Lounge podcast, we're talking about supply, demand and market elasticity. The Law of Demand states that when the price of a good rises, people buy less of it and when the price of a good falls, people buy more. But this isn't necessarily true for all things especially when other forces are at play. Dom speaks with Matt Monroe, a Real Estate Lawyer and founder of Monroe Law, about the forces driving the real estate market and potential displacement of low income residents as a result of gentrification and market rate housing in urban areas.
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