Quote:
Originally Posted by The ATX
Sadly, Austin's local government is embracing a Californian view on affordable housing. Sound bites and headlines have become more important than the logic of supply and demand. Developers are being blamed for creating expensive properties instead of market forces, so stopping development is a good headline. And if we can get a developer to pay a large fee for creating 5 "affordable" units in their project, everybody "wins". Never mind the fact that 5 units is insignificant and is nothing but a headline, and the extra costs added to the construction of a residential building means the remaining units are thus made even more unaffordable.
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You and I are on the same page, ATX. It is sad, and very counter productive.
