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Rising rent, not poverty, is the real driver of homelessness

kcrw.com

11–20 of 376 posts

Re: Rising rent, not poverty, is the real driver of homelessness

#11
I’ve lived on the streets and worked with homeless charities for years and years.

I am extremely skeptical this is case and for those whom it is true, I expect them to fall into the class of “transient homeless” who experience it for a short period.

Re: Rising rent, not poverty, is the real driver of homelessness

#12
Before the pandemic this problem really seemed intractable for a lot of metro areas, but now with WFH taking hold we've been given a potential life raft if we jump on it.

Office space cannot get converted into homes overnight. There's a lot of remodeling and rethinking of how to fit an apartment into one, but it's a chance nonetheless. The biggest burden is likely to be the cause of the problem in the first place, zoning. Hopefully we learn from the past and correct this while we can

Re: Rising rent, not poverty, is the real driver of homelessness

#13
post #12

Before the pandemic this problem really seemed intractable for a lot of metro areas, but now with WFH taking hold we've been given a potential life raft if we jump on it. Office space cannot get converted into homes overnight. There's a lot of remodeling and rethinking of how to fit an apartment into one, but it's a chance nonetheless. The biggest burden is likely to be the cause of the problem in the first place, zo…

For some reason I doubt that developers will be looking to convert that office space into affordable housing.

Re: Rising rent, not poverty, is the real driver of homelessness

#14
post #12

Before the pandemic this problem really seemed intractable for a lot of metro areas, but now with WFH taking hold we've been given a potential life raft if we jump on it. Office space cannot get converted into homes overnight. There's a lot of remodeling and rethinking of how to fit an apartment into one, but it's a chance nonetheless. The biggest burden is likely to be the cause of the problem in the first place, zo…

For some reason I doubt that developers will be looking to convert that office space into affordable housing.

Why? They don’t like money?

Re: Rising rent, not poverty, is the real driver of homelessness

#15
Is street homelessness really driven by people who couldn't pay their rent? You would think they'd stay away from drug-addled violent tent cities - and sleep in a car or at a friend's house.

Too many ideas seem to be conflated with the umbrella term "homeless"

Re: Rising rent, not poverty, is the real driver of homelessness

#16

Is street homelessness really driven by people who couldn't pay their rent? You would think they'd stay away from drug-addled violent tent cities - and sleep in a car or at a friend's house. Too many ideas seem to be conflated with the umbrella term "homeless"

I see where you're coming from, but if you go to the extreme and anyone could have a private room for $1 a month, would anyone be living on the streets?

Re: Rising rent, not poverty, is the real driver of homelessness

#17
Imagine you're a municipality like San Francisco. You control all of the zoning regulations, and many of the permitting requirements. You have a AA+ credit rating, and even in today's higher rate environment, you can borrow billions of dollars at 6%.

You already own oodles of land. You can build to whatever height you want within reason, because you control the zoning, and you even control many of the ordinances that allow citizens to block development (though certainly not all, like CEQA and NEPA). So you have lots of lands to build on, and what you build is largely in your control.

Construction costs in San Francisco are sky-high, at $440 sq ft. But people will happily pay you $40/sq foot per year for housing, probably for 75 years.

How is this not the easiest decision in the world?

Create a housing development agency, become a permanent developer, and landlord. Never stop building. Put proper incentives in place, so that employees at the agency can partake in the profits, incentivizing them to be efficient. Never stop doing this.

You might not be great at this at first, but fifty years later you will be.

Re: Rising rent, not poverty, is the real driver of homelessness

#20
post #12

Before the pandemic this problem really seemed intractable for a lot of metro areas, but now with WFH taking hold we've been given a potential life raft if we jump on it. Office space cannot get converted into homes overnight. There's a lot of remodeling and rethinking of how to fit an apartment into one, but it's a chance nonetheless. The biggest burden is likely to be the cause of the problem in the first place, zo…

For some reason I doubt that developers will be looking to convert that office space into affordable housing.

I never said affordable housing. Just having more housing period would help at this point. However, that doesn't seem to be true in NYC when we incentivized it and we built a lot of affordable housing. Just not enough
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