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> The main thing that makes an apartment luxury is location and being new; new construction in the Bay Area (except maybe an isolated single unit or small devel

> The main thing that makes an apartment luxury is location and being new; new construction in the Bay Area (except maybe an isolated single unit or small development in a particularly blighted area) is luxury inherently. Ok, so a 1 bedroom 2nd story apartment in San Francisco in a new building without air conditioning and without a dedicated doorman that costs $4000 a month is luxury but a $1200 a month apartment on the 25th floor of a highrise in Atlanta with a view of the entire city, a dedicated doorman that will bring groceries and packages to your door and air conditioning isn't? Or are they both? The San Francisco option is to be clear not a luxury apartment. It's just overpriced. So what I'm saying is > The main thing that makes an apartment luxury is location and being new; new construction in the Bay Area (except maybe an isolated single unit or small development in a particularly blighted area) is luxury inherently this statement is flat out wrong. >So, yes, that's literally the most cost effective way to increase the supply of affordable housing for anybody but the rich. Just so we stop using terms that were invented for the sake of propaganda such as "affordable housing" and "luxury apartments" why don't we call a thing what it really is? Affordable housing - a limited supply of apartments taken off the market and given off in a lottery to a lucky few who get to pay less than market rate for rent. The rent is subsidized by the rest of the people living in the city. Luxury apartment - a normal apartment that is overpriced due to artificial scarcity. This artificial scarcity exists because of people using direct democracy to vote for laws that they believe to be in their interest without any understand of the second or third order effects of the law.

dragonwriter 8y ago
> Affordable housing - a limited supply of apartments taken off the market and given off in a lottery to a lucky few who get to pay less than market rate for rent No, affordable housing for a given income level is defined by a cost formula. Achieving affordable housing for lower income levels is frequently done by the means you describe, because you literally cannot build it in quantity if it is distributed by normal market means because what is new will be desirable, and therefore both expensive and snapped up by the well-off, for that reason alone.

dragonwriter 8y ago

> Affordable housing - a limited supply of apartments taken off the market and given off in a lottery to a lucky few who get to pay less than market rate for rent No, affordable housing for a given income level is defined by a cost formula. Achieving affordable housing for lower income levels is frequently done by the means you describe, because you literally cannot build it in quantity if it is distributed by normal market means because what is new will be desirable, and therefore both expensive and snapped up by the well-off, for that reason alone.