The city could set rent restrictions on new development and all that, but that removes the incentive for developers to actually build in that area at all, especially when they can just find an unrestricted space to develop a couple miles away in the next town.
It's a tough problem.
This makes sense to me, and I hear it all the time, but when was it ever in a builder's interest to make affordable housing? Why does this perverse incentive seem like a recent thing?
i dont even know what it would mean to build a new non-luxury apartment. No one has ever explained this to me. New housing is always lampooned as being shit quality yet luxury at the same time just because it has.... cabinets that arent falling off the walls and a floor that isnt slanted so badly that i roll away from my desk?
When the existing current housing stock is so old and bad you just need to build to bring up the average quality of an apartment. Rich people will go to the new stuff and it brings up the floor of housing quality.
i dont even know what it would mean to build a new non-luxury apartment. No one has ever explained this to me. New housing is always lampooned as being shit quality yet luxury at the same time just because it has.... cabinets that arent falling off the walls and a floor that isnt slanted so badly that i roll away from my desk?
When the existing current housing stock is so old and bad you just need to build to bring up the average quality of an apartment. Rich people will go to the new stuff and it brings up the floor of housing quality.