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How Can Housing Demand Increase as Population Shrinks?
Wednesday, May 24th, 2006 | Economics, Population |
Jane Galt and Winterspeak speculate on reasons why the demand for housing in MA and Boston can increase while the population decreases. An earlier study found the same thing happened in metro New York. That study found that the population loss was mostly due to middle class flight. Presumably the larger middle class families were being replaced with smaller upper class families or older, empty nest families.
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