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"Building more housing" in SF, Seattle, etc means building apartment complexes whose cost is restrictive enough such that only those that aren't experiencing a
by void_mint 5y ago
"Building more housing" in SF, Seattle, etc means building apartment complexes whose cost is restrictive enough such that only those that aren't experiencing a housing crisis can afford them.
- Tiktaalik 5y agoYes, and having the option to rent those nice brand new apartments means the wealthy are a lot less likely to compete with the less wealthy over the same shitty 40 year old apartments. More vacancy is a big win for someone who can only afford a 40 year old apartment.