3 ms·
And yet, the new "too expensive" housing is 98% occupied, so there are slightly wealthier people who are actually paying to alleviate the housing shortage crisi
by epistasis 4mo ago
And yet, the new "too expensive" housing is 98% occupied, so there are slightly wealthier people who are actually paying to alleviate the housing shortage crisis with their higher rents.
Yet the same people lobbying to block the building of these new apartments are still saying that "nobody lives there" because it doesn't fit their mental model of the world.
- win311fwg 4mo ago> And yet, the new "too expensive" housing is 98% occupied Too expensive housing doesn't get build.
- epistasis 4mo agoWell, occasionally a developer does mess up! So it sits empty for a year or two, then prices fall to the true price, and only that individual developer lost out. The city still got its property tax, an empty new building for a year or two is no worse than an empty lot for anybody, etc. etc. etc. But people that claim to hate developers find this sort of situation, a developer that built too expensive housing and ends up eating a loss, much worse than the current state of people being displaced all the time.