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A comment on Does Adding Expensive Housing Help the Little Guy?. Parent comment

Re:Does Adding Expensive Housing Help the Little Guy? by irq11 on Thursday September 28, 2017 @08:11PM (#15361816)
Not “subsidized”...affordable.

A landlord has 3 older units that rent for $x. She wishes to redevelop the property to create 6 new units that rent for $3x. Net result is that 3 units have been created, but 3 people have been displaced. Likely permanently.

This is the heart of the redevelopment debate in SF.

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Re:Does Adding Expensive Housing Help the Little Guy? by averagewall on Thursday September 28, 2017 @08:41PM (#15361942)
$x is a rent controlled price? By rebuilding, she loses the requirement to keep the rent low? You're right, that's not a subsidy since it's the landlord that pays for it.
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Re:Does Adding Expensive Housing Help the Little Guy? by Mz on Thursday September 28, 2017 @08:45PM (#15361953)
In most cases, when you improve a property, you then charge more because it is improved. It isn't unreasonable on an individual basis, but the end result is that affordable units disappear and do not get replaced. Rinse and repeat and pretty soon there simply aren't any affordable units.
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Re:Does Adding Expensive Housing Help the Little Guy? by Kalium on Thursday September 28, 2017 @08:32PM (#15361900)
Subsidized is an accurate description of the financial arrangement surrounding the unit in a way that "affordable" is not. Why not use it?

I know, I know. Politics, right?

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Re:Does Adding Expensive Housing Help the Little Guy? by empath75 on Thursday September 28, 2017 @09:12PM (#15362048)
Yeah but people are moving out of less desirable and housing to move there, opening up new housing down market.
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