Agreed. Additionally, gripes about housing prices going up are misplaced. Philadelphia has long been undervalued and is only now catching up with its peer cities.

I agree that not everything that gets built or rehabbed needs to be "luxury," but think about who is doing it. If I were a builder you bet I would throw an extra $10k of improvements into a building if it would net me an extra $30k of sale price.

America is a free market - nobody is out to do anyone a favor, they're doing business.