Fun fact: Every mansion or luxury condo built is 100+ affordable units not being built.
We’re building at record rates in many places, but just building housing does nothing but line the pockets of developers, because they will always choose to prioritize more profitable ventures, and current methods of requiring a small single digit percentage of their units to be “affordable” aren’t cutting it.
We need to be specific in what we’re building, and who we’re building it for. People moving in from out of state with high paying jobs are often prioritized by city and county governments because they increase the tax base, but this simultaneously raises rents for all of the current residents in crises as the market is dragged up. If we’re not specifically building affordable housing for local residents within each effected community to the best of our ability, then we’re only going to exacerbate the issue further. I’ve lived through “just build more” in my state for 20 years, I know how it goes.
Fun fact: homeless people can’t afford mansions.
Build them places to rent.
Fun fact: Every mansion or luxury condo built is 100+ affordable units not being built.
We’re building at record rates in many places, but just building housing does nothing but line the pockets of developers, because they will always choose to prioritize more profitable ventures, and current methods of requiring a small single digit percentage of their units to be “affordable” aren’t cutting it.
We need to be specific in what we’re building, and who we’re building it for. People moving in from out of state with high paying jobs are often prioritized by city and county governments because they increase the tax base, but this simultaneously raises rents for all of the current residents in crises as the market is dragged up. If we’re not specifically building affordable housing for local residents within each effected community to the best of our ability, then we’re only going to exacerbate the issue further. I’ve lived through “just build more” in my state for 20 years, I know how it goes.
If you build any housing at all, you are opening up “affordable housing” at the bottom of the totem pole. That’s how buying houses works.
No one is going to build a dumpster apartment to rent on the cheap. There’s no incentive there.
Let people build and the less-desirable homes will be scooped up as prices fall. It’s basic supply and demand.
Your state, like mine, has probably been kneecapping development in favor of NIMBY policies for those 20 years
No, they haven’t. They’ve been working hand in hand with developers to entice new money for them to tax, and ignoring the poor who only get poorer.
What does that have to do with this discussion?
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Knocking down single-family or small unit homes to build more multi-family housing is a good thing actually.