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To be more explicit- first they object to housing unless it is fifteen percent affordable housing. When they get that, it goes to 25 percent. Then to 50. Whatev
by truffdog 5y ago
To be more explicit- first they object to housing unless it is fifteen percent affordable housing. When they get that, it goes to 25 percent. Then to 50. Whatever number is needed to get the project cancelled.
- wahern 5y agoIt's a positive feedback loop. The higher the cost of the exactions, the more the market rate of the remaining units in a project grows to cover the price, the fewer overall projects, the greater the uproar about luxury developments.