> Right now, the system excludes those who cannot afford the ever-increasing rents
It also creates a system where the only new buildings are luxury condos because on paper it’s usually the only thing that would turn a profit after investing a decade of hoop jumping and political wrangling. No affordable development would ever pass that sort of system.
So the gov is tasked with building affordable housing. Creating a bad situation themselves, pointing the finger at developers and only offering very expensive bandaids as the solution that happens to give them more power, money, and control over the city.
Kingmakers in an high end market while feigning solutions for the low end, and pushing the middle to the suburbs and small towns.
It also creates a system where the only new buildings are luxury condos because on paper it’s usually the only thing that would turn a profit after investing a decade of hoop jumping and political wrangling. No affordable development would ever pass that sort of system.
So the gov is tasked with building affordable housing. Creating a bad situation themselves, pointing the finger at developers and only offering very expensive bandaids as the solution that happens to give them more power, money, and control over the city.
Kingmakers in an high end market while feigning solutions for the low end, and pushing the middle to the suburbs and small towns.