Comment on How to Stop the Affluent from Rigging the Housing Market

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Juice@midwest.social ⁨16⁩ ⁨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.

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