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Old Posted Dec 2, 2020, 3:44 PM
the urban politician the urban politician is online now
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 19,604
^ Exactly, plus maintaining existing building stock is the best way to preserve affordable housing.

All of those 120 year old buildings have awkward, substandard apartment layouts by modern standards. People will pay less rent for them than in a brand new building which will almost certainly charge much higher $$/sf just to recoup the cost of construction.

This is why I always chuckle at local leaders paying lip service to "affordable housing" when most of them are amateur nitwits who just don't have a damn clue what they are talking about.

We are are about to demolish affordable housing right here, and nobody fought to save it.
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