4 ms·
Will the people it displaces be able to afford one of the units? If not, it’s just gentrification.
by monadic2 7y ago
Will the people it displaces be able to afford one of the units? If not, it’s just gentrification.
- manfredo 7y agoWhy would adding more units to the housing supply displace anyone? Who is displaced when 60 new apartment units open open up on a new building? Your question is a vacuously true: everyone who is displaced will be able to afford a new unit, because increasing the supply of housing displaces no one. In fact, it reduces displacement. Without new housing, more and more people are going to outbidding each other for a constrained supply of housing, thus displacing lower income residents. Increasing the housing supply is the best way to prevent displacement.
- monadic2 7y agoWell, most people can’t afford market rate units in a high demand metropolis. Increasing supply will just allow paying off people to move via a buyout. The market rate will only go down when capital views vacant units as cutting into their investments, which won’t happen in a world where real estate is considered an asset.
- matchbok 7y agoNew housing does not cause gentrification. No studies support your claim. If new housing is not built then rich people will push out existing residents. Think about it.