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Even if more housing is built, I see some areas that are purposefully optimizing for short term rentability, meaning building luxury vacation homes in resort-li
by solardev 2y ago
Even if more housing is built, I see some areas that are purposefully optimizing for short term rentability, meaning building luxury vacation homes in resort-like areas, instead of generic housing for the masses.
More housing doesn't necessarily mean more affordable housing. And I don't even mean section 8, just units that two median wage earners (outside of tech) could potentially afford together.
- kccqzy 2y agoNot just that but I also resent the fact that many modern apartment buildings are "luxury" apartments that come with a gym, a pool, a coworking space, a garden and whatnot. I don't care about these amenities. Renting these places makes me think I'm wasting part of my rent on these amenities that I'll never use.
- alexpetralia 2y agoBut actually, it does, because more housing supply (even on the high end) means fewer higher earners are forced to bid up generic housing for the masses. On the other hand, refusing to build any housing at all (for whatever the reason is: too unaffordable, too gentrified, too out-of-place) means those high earners will live in generic housing for the masses, and those places will be expensive.