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It seems like a lot of the problem is that, if you tell developers that they can build any housing they want, they'll mostly build high-end apartments because t
by PhasmaFelis 9y ago
It seems like a lot of the problem is that, if you tell developers that they can build any housing they want, they'll mostly build high-end apartments because they can make more money off those. If you want affordable housing to exist in sufficient quantity, you have to incentivize it in some way.
- olympus 9y agoYou can pass rent controls as a separate measure. But I think adding high-end apartments will still open up some of the regular apartments and lower prices.
- ProblemFactory 9y agoHigh-end apartments is still more housing. People moving into the high-end apartments will leave some other, perhaps cheaper apartments free.
- cobookman 9y agoIn sf generally 15-30% of units built in a high end apartment building need to be affordable units. So why restrict the measure for teacher and affordable income housing. This measure could end up creating a ghetto.
- closeparen 9y agoYes, production increases when incentivized by high prices. That’s the core of how markets are in any way useful. The only meaningful difference between luxury and affordable housing is whether it’s allocated to the highest bidder or randomly among low bidders.