Earlier quoted context omitted.
High rises are built because people want to move to places with better opportunity. Should we simply not allow anyone to move to places with high opportunity? Are people who were born in rural areas or small towns not allowed to seek a better life in a big city because some people already live there? If you think people people should be allowed to move to places with better opportunity, then you need a solution on ho…
On the one hand, there's people with money who want to move to a new area. They have plenty of cash and resources, and they want to move primarily out of a lifestyle desire. On the other hand, there's people without money who live in a neighborhood, who can no longer afford to live there. But they usually cannot simply "move somewhere else". Remember: they're poor (since they can't afford to even pay a property tax i…
You also must have completely ignored my comment from above, if you don't build new housing those existing people are just going to get kicked out at an even faster rate if you don't build new housing. New housing acts as a sponge to soak up demand. The entire reason housing is expensive is because we don't build enough housing units in places people want to live. Your solution to not build anymore only makes it worse. Their rents will go up at an even faster pace. If you made building fast, cheap and easy then housing units at all price points would sprout up. Do you think if you don't build a high rise then wealthier people just go away? No they just look at the existing housing stock and buy up and renovate whatever is there. Houston has one of the most deregulated housing markets in the country and for this reason the average home hasn't gone up in price despite a fast growing population. You have to build to keep up with demand.
Renters and owners are different, in a gentrification scenario owners get very wealthy. Tons of poor families who own in poorer neighborhoods just received a massive cash infusion when a developer bought their parcels. Gentrification is one of the largest transfers of wealth from rich to poor in history. Your hypothetical of someone selling their house for a huge premium and then having nowhere to go doesn't bear out in reality, they've just become rich from selling. There are millions of stories of poor families buying cheap property on the outskirts of town decades ago only for that land to worth a fortune now due to development potential.
Renters on the other hand suffer the most from lack of building, you say when they get kicked out they'll have to pay more in rent. That's because housing isn't being built fast enough so prices are skyrocketing. When you have increasing demand and fixed supply, prices go up. The only way to keep rents stable is too build as much as possible. As for neighborhoods, places change. You can't keep them stuck in time for ever. Families move, economies grow, people age and we need to have solutions that adapt, not ones that pretend no changes are happening and try to keep everything in place.
So in short you still haven't provided a solution to people wanting to live in areas with jobs. These aren't rich people with vacation condos, these are people who come from areas without good jobs and want to live in areas with jobs. Please give me a solution that accommodates them or you're just plugging your ears. Trying to deny reality isn't a solution and will only make things worse.