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Cities do this already with mixed-income housing. http://en.wikipedia.org/wiki/Mixed-income_housing http://en.wikipedia.org/wiki/Mixed-income_housing It's usu
by hudibras 13y ago
Cities do this already with mixed-income housing.
http://en.wikipedia.org/wiki/Mixed-income_housing http://en.wikipedia.org/wiki/Mixed-income_housing
It's usually implemented as part of the permitting process rather than as a law, though. Essentially the city says "We'll give you a permit to build luxury apartments, so long as you also build X number of low- and middle-income units."
- tsotha 13y agoYes, and what you end up with is San Francisco, where housing supply has been far outpaced by demand because developers can't make the numbers work.
- hudibras 13y agoMaybe you're right, we'll see in a few years. Currently, there's literally more than 10 times the number of new housing starts in San Francisco than there was 3 years ago, so there must be some profitable opportunities out there.
- tsotha 13y agoThree years ago was just after the housing bubble popped. What is it compared to, say, ten years ago?