Earlier quoted context omitted.
It’s not just NIMBY-ism, and NIMBY-ism isn’t what drove these away. What it is is pretty much the minimum mage—housing has to meet a minimum threshold in quality or else it can’t exist. Never mind that people might still be willing to live there and are able to make their own decisions. And some people might not have other options. To many, this seems like exploitation. They’d rather have people living on the street…
Bingo. And it's not even the exploitation. Believe it or not, it's the fact that there is no one to hold liable if things go wrong. At root, it's about on which head does liability rest. You don't meet code, firefighters rush in, and the staircase collapses. Who do the cops and the firefighters go after? If it's the owner of the SRO, then no real estate investor will build one. (At least, not one that isn't up to cod…
Slumlords who don’t maintain buildings to code are bottom of the barrel renting to a very limited and desperate clientele. Encouraging that is nuts.
The notion that evil firefighter unions are making real estate expensive by advocating for codes that put them out of business is probably the most ill-informed comment I’ve read in some time. Absurd. Getting rid of balloon frames and cocklofts raised construction costs... but saved thousands of lives.