Re:Homelessness rises faster where rent exceeds a third of i...
by jimbob45 on Monday January 03, 2022 @01:30PM
(#29784318)
Building luxury housing is emblematic of the short-term thinking of the 90's and 00's that has resulted in the long-term issues we're seeing today.
You can build single-family housing on vast swaths of land for landlord sharks to snap up and rent out. However, that results in a city of short-term inhabitants who aren't invested in taking care of the city and eventually the city is less desirable and the rentals dry up.
Or you can ban single-family housing rentals, build high-density housing for rentals, and reserve the single-family units for long-term residents who will upkeep the desirability of the city.
It has nothing to do with liberal or conservative policymakers and more to do with the sort of short-term thinking that "build more housing - there are no consequences" represents.
You can build single-family housing on vast swaths of land for landlord sharks to snap up and rent out. However, that results in a city of short-term inhabitants who aren't invested in taking care of the city and eventually the city is less desirable and the rentals dry up.
Or you can ban single-family housing rentals, build high-density housing for rentals, and reserve the single-family units for long-term residents who will upkeep the desirability of the city.
It has nothing to do with liberal or conservative policymakers and more to do with the sort of short-term thinking that "build more housing - there are no consequences" represents.