I wish they’d get rid of the affordability clauses. I have lived in upgraded low income places priced for high wage earners, and aging high income construction

I wish they’d get rid of the affordability clauses. I have lived in upgraded low income places priced for high wage earners, and aging high income construction with much lower rents. Older luxury buildings uniformly provide a much higher quality of living than more expensive, new low income construction. The push to force people to build uneconomical low income garbage just means there will be generations of kids with health impacts due to being raised in poorly constructed, but still overpriced housing. That just perpetuates the cycle of poverty, and I’ve lived in California long enough to suspect that this is the intended outcome. On the other hand, glutting the high and mid end of the market with more inventory will increase the supply of high quality affordable housing. This is basic supply and demand and it has been shown again and again. Also, doing it that way avoids a bunch of wasted taxpayer money that’s currently spent on bureaucracy and subsidies. There are even a bunch of suckers in the real estate development world willing to build the glut of houses, and then eat the demand risk.