Quote:
Originally Posted by PHLtoNYC
Glad to see this huge parking lot go. Nice brickwork, minus the Cecil B. Moore façade.
This was posted on the Rising Real Estate page and boy are some peoples panties in a knot over this project. Issues mostly with parking, but also a few related to overcrowding, lack of open space, lack of affordability, Philadelphia is ruined by development, etc.
I am starting to think that these complaints are because people aren't used to this level of growth and development in the city? (minus the typical parking complaints).
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They have an issue with Philadelphia's lack of affordability and they're against this development? They're not fighting for rent control or property tax freezes for long time residents, their strategy is simply don't build this apartment building that would house 200+ people. And they think that this would mean that there would be more affordability, if those 200+ people who could live here were instead bidding on the existing housing infrastructure that exists in the neighborhood. Have these people heard of supply and demand?
I think you're right that people aren't used to this type of development, and I think they're very confused as to why it is happening and how it affects them. They seem to think if no one was building, their neighborhood would stay the same. They don't seem to understand that the demand to live there still exists regardless of whether or not someone is building new units. Building new units actually relieves pressure on existing housing and makes things more affordable.