Earlier quoted context omitted.
> They can be purchased by the rich to be used as unlicensed hotels aka airbnb. They can be ought up as "investments" and not effectively rented out effectively enough as long as you don't build so much you literally flood the market. There's a natural floor to this though. For example, if Boston built 3 housing units for every human being on the planet, there would hardly be any problem even if every person wanted t…
We really just need to build in the Boston area. I’m politically pretty close to full on communist but all the policies I’ve seen around creating affordable housing are failures from my analysis. Rent control changes who gets a home from a decision of whose wealthiest to whose luckiest which isn’t any morally or functionally better. Subsidizing or requiring developers to have “affordable” units in developments either…
Everything becomes luxury housing when theres a shortage and it gets bid up by dollars. And the existing government housing has not covered itself in glory such that we should look to that as a solution (paging NYCHA).
This stuck-in-amber Euro-ficiation of US HCOL urban coastal areas is not going to work in the longterm, especially as we continue to have growing population unlike many of the quaint European cities people like to visit.