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Comment by queenkjuul | Hacker News Reader

Why do you care whether it's a developer or the city building it, then

Because a developer is never too big to fail, it can't issue bonds and it will be outcompeted if it can't manage costs.

I am not against cities building, but where I live in California the excessive zoning, permitting and delays are at the core of the problem.

Never heard of corporate bonds?

When developers/investors fail, they do take down projects with them. See: Oak Knoll/Lehman Brothers.

But yeah, I don't believe the state of California is going to do any better.

i dont have super strong opinions about that, im just refuting your point that social housing is the only option.

I absolutely care if its a developer or the city building it. If its the developer who puts a high rise on my block, they want to make money and they sell it for a profit. The people that move in are the people that can afford a condo in a high rise. If its the city building it, they don't want to make a profit, they want to get votes. So after they fill the high rise with their quota of homeless people and a drug dealers. Its going to have a very different population and affect my neighborhood in a much more negative way.

Ridiculous. Such disdain for poor people! Not even poor people either. Plenty of working and middle class people can't afford decent homes right now.

I grew up in poverty. I worked hard to NOT have to deal with that shit as an adult and to not have my kids deal with that either. People screaming in the street at night on schizo rants, meth heads, getting your bikes stolen, people vandalizing your house, drug dealers, fights, schools being less safe and effective because of gangs/ problem children. This stuff actually sucks to live through constantly in a day by day situation. And the only way to get away from it is to not live where that shit happens, and you don't invite it into your back yard.

You're making a ridiculous assumption that everyone that would move into social housing is a criminal and that everyone who moves into social housing is in poverty. This isn't necessarily the case and there's plenty of examples to prove it.

Good hard working people are being priced out of my neighborhood. Social housing could be a huge step in stopping that process.

so you dont have these sorts of housing projects in your area and are telling the guy who grew up around them how they actually work?

people wonder why these projects get shot down so often. there's no accountability for the people that move into the units and then people just pretend junkies and dealers dont end up in these units. a lot of these affordable housing projects have "housing first" units baked into their plans which is a type of unit that houses active junkies and refuses to kick them out for any reason. thats the type of stuff people are afraid of. nobody wants to live around drug dealers and tweakers especially if they have kids.

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