4 ms·
If the only places that get built are up-market. Then wherever they get built rents will rise… this makes it challenging to support blanket construction proposa
by lumost 3y ago
If the only places that get built are up-market. Then wherever they get built rents will rise… this makes it challenging to support blanket construction proposals unless you as an individual own, or can afford top-of-market rent.
- SamoyedFurFluff 3y agoThen isn’t the solution still building more?? I’m so, so confused here!
- lumost 3y agoUnfortunately, this is where micro and macro economics diverge. If you take the position that housing will likely always be underbuilt and any new construction in your area will lead to higher rents. Then supporting construction just means higher rent a for you - without any benefit. If we ever actually built enough, then as an individual you should be able to move to a better/cheaper apartment when new construction happens. This hasn't happened in the last 20+ years of urban development.