Quote:
Originally Posted by Larry King
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Knowing how regressive Quinones-Sanchez and Clarke (you mentioned North Philly) are, I wouldn't be surprised if that's the goal.
I disagree with this bill since I disagree with the notion that Philly is an unaffordable city or has a "housing crisis" going on. If one thinks that Philly is unaffordable, then they should take a trip to a city that has a REAL housing/affordability crisis, such as San Francisco, Boston, or New York. There are HUGE sections of the city that are relatively underdeveloped, transit-accessible, and affordable. Hell, not all of those areas are what would be considered "dangerous" (ex. Olney, West Oak Lane, Cobbs Creek, etc.). The goal should be building up sections of the city that have large-scale abandonment and vacancy, not creating disincentives that hinder the market from delivering new housing units. I would go as far to say that this bill would
decrease affordability in certain submarkets. If developers have less incentive to construct new units, then existing units will be bought up and renovated, further constraining the supply of housing. I don't get why stupid people think that constraining the supply of housing, ESPECIALLY when Philly has been dealing with record-low levels of inventory, will help affordability.