"I support wholeheartedly the program to build market and luxury homes in Boston," he says. "In the long run it will take the pressure off the market."
He also says it is important to draw more people from the higher end of the socioeconomic scale back into the city, to boost taxes and civic and cultural institutions.
"It's a mistake to decry the gentrification of Boston," he says.
Gottsche says he disagrees with Grogan's arguments. He says the current housing boom, with its focus on the upper end of the housing market, will not create enough units to fully satisfy demand.
"Supply-side economics doesn't work when it comes to housing," he says. "They never build enough housing to satisfy demand.... There's no filter down."
Gottsche says cities need to develop more affordable housing to adequately deal with the housing crunch.
While Grogan says he does support the creation of high-end housing, he also sees the need for affordable units.
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