Quote:
Originally Posted by Baronvonellis
Haha, that's hilarious how she says she's working on a plan for affordable housing, while at the same time denying a plan to build some affordable housing!  |
What accelerates gentrification more?
a) A 30 unit building with no affordable units
b) A 60 unit building with 6 affordable units?
I'm sure it's up for debate, but I'd argue that (a) accelerates gentrification because it offers less supply. Fewer units, less supply, thus higher asking rents.
In my own apartments, despite a booming rental market, the fact that tenants have a lot of other choices forces me to charge less rent, and it's fairly often that one has to lower their asking price to finally land a tenant.
Supply and demand is still the best way to keep down costs...