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Episode 16: The Economics of Gentrification
Manage episode 341189261 series 3117413
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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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