Re:Toronto swaps Google-backed, not-so-smart city plans for ...
by hedora on Saturday March 13, 2021 @09:47PM
(#26452342)
If you want to avoid rent seeking, then you should advocate for affordable housing that people can afford to buy.
In California, only 1/3rd of the population has enough income to afford a house. San Francisco is much, much worse.
Subsidizing developers to build (likely high-crime) housing so they can extract income from people with < 80% AMI doesn’t sound like a sustainable path to improving income disparity.
Instead, they should subsidize (or at least stop actively blocking) construction of new homes that the average person can afford to purchase, and then put them up for sale, not rent.
In California, only 1/3rd of the population has enough income to afford a house. San Francisco is much, much worse.
Subsidizing developers to build (likely high-crime) housing so they can extract income from people with < 80% AMI doesn’t sound like a sustainable path to improving income disparity.
Instead, they should subsidize (or at least stop actively blocking) construction of new homes that the average person can afford to purchase, and then put them up for sale, not rent.
(Edit: I think we agree.)