View Single Post
Old Posted Dec 2, 2020, 4:25 PM
west-town-brad west-town-brad is offline
Registered User
Join Date: Nov 2014
Posts: 436
Originally Posted by the urban politician View Post
^ 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.
Very good points, the alderman love to build "affordable housing" that costs $600k for a one-bedroom unit to construct.
Reply With Quote