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.