3 ms·
This is also the cause of the gentrification anger and resulting NIMBYism. If you build some, but not enough vs what's actually needed, you get both: - expens
by majormajor 4mo ago
This is also the cause of the gentrification anger and resulting NIMBYism.
If you build some, but not enough vs what's actually needed, you get both:
- expensive new market-rate construction that most people can't afford
- localized bumps in rent for increased relative desirability
- overall prices that continue to rise across the city because the new construction was just a drop in the bucket compared to the need
And then it's easy to point to "they built that building AND our rent went up!" as a reason to oppose construction, even though in the long run they'd go up even more if that building wasn't built.