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Maybe I am missing something, but seems unlikely this will impact housing availability, developers will simply build luxury housing to extract the maximum the m
by O__________O 4y ago
Maybe I am missing something, but seems unlikely this will impact housing availability, developers will simply build luxury housing to extract the maximum the market will offer. Government will not build any affordable housing at scale, since it will only increase demand for government services while at the same time reducing average tax revenue per taxpayer.
If there’s a solution to the problem, I am not aware of it.
- dan-robertson 4y agoAren’t the projects only exempt from zoning if they are 20% below-market-rate or 100% middle income?
- camel_Snake 4y ago100 luxury homes are still 100 more homes in the supply pool. The people that move in are presumably vacating their previous, more affordable homes.
- km3r 4y ago> the maximum the market will offer This is a function of supply (and demand), increase the supply the market will offer less.