Quote:
Originally Posted by the urban politician
Development will still happen. Even these starry eyed losers will have to take developer money, they don’t have any other source of income. Being a socialist in America is a dead end career.
But things will indeed slow down and yes, landlords will simply face less competition from new construction leading to rent increases and further displacement.
I don’t think Milwaukee/Belmont is that much to get excited about, though. No L access
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Donors are more than just residential developers, though. Industrial businesses, retailers, and bars/restaurants all donate as well, and even the socialist aldermen aren't willing to tell restaurants and retailers to take a hike.
Honestly all this talk of affordable housing is worthless unless more city, state, and Federal resources are offered up. I agree that affordable housing (in good locations) is becoming harder and harder to find. At the same time, we have no shortage of land that is close to transit and job centers. If the government wants to pledge more resources toward a big program of new construction for moderate and low income housing, I'd support that... but the private developers of our city are not an giant grapefruit that can be squeezed endlessly for "free" affordable housing.