Comment on How to Stop the Affluent from Rigging the Housing Market
infinitesunrise@slrpnk.net 18 hours ago
A NYTimes opinion piece, penned by an anonymous author on their editorial board, addressing housing costs? Let me guess, it’s going to be some abundance-brained take about deleting regulations and building new stuff, that ignores even consideration of the fact that shelter is a human need which shouldn’t be subject nakedly to the whims of market speculation in the first place?
The main reason is that Massachusetts has not built enough
Yeah
Juice@midwest.social 18 hours ago
Exactly, the response to NIMBYism is not YIMBYism, it’s public housing.
In my city developers have rigged local government so that they can build anything they want, anywhere they want, and not pay any taxes on it for 20 years. They build luxury apartment buildings as rapid gentrification schemes, but dont worry, our city’s laws ensures about 20-30% of units must be made available to low income renters.
One of the latest projects will only charge $2500 per month for a family making up to $29k per year. This impossible standard eads to the units staying vacant, which works to keep vacancy at a level that sustains sky high rent across the city.