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And then watch rents rise across the city as land-lords queue up for that sweet-sweet subsidy cash. Perhaps the solution is to spread the economic activity out
by wavefunction 12y ago
And then watch rents rise across the city as land-lords queue up for that sweet-sweet subsidy cash.
Perhaps the solution is to spread the economic activity out from where it is concentrated and build more high-density housing near the economic activity despite ensuing NIMBYism.
- optimusclimb 12y ago> And then watch rents rise across the city as land-lords queue up for that sweet-sweet subsidy cash. I'm not sure what you mean by that. In a direct subsidy to low income tenant world, low income tenants would look the same as any others that could pay the rent. However, when I've rented apartments, many tenants have requirements for who they will rent to (such as income equal to X times the rent) - and so such a direct subsidy program would probably also need some sort of provision that forces landlords to consider such renters "equally." If anything, I doubt landlords would be queueing up anywhere for the right to rent to such people.
- d4vlx 12y agoThe issue is that by providing housing subsidies more money would be put into the demand side of the rental market. This would most likely cause rents to rise as there is now more money to spend. In this situation the only way out that makes sense to me is to add more supply by removing some artificial barriers to building.