Another building bites the dust... gentrification is real out here.Submitted by Towers_Oh_My27 t3_ygbav9 in Newark
Ironboundian t1_iu9wp0i wrote
Reply to comment by Towers_Oh_My27 in Another building bites the dust... gentrification is real out here. by Towers_Oh_My27
It’s not gentrification if a building with a restaurant and apartments upstairs gets torn down to become commuter parking lot.
ahtasva t1_iua1czg wrote
Even it if were, what’s wrong with that? You take a building with 4 units down and replace it with 40 units, that’s a 1000% increase in available rental units. The 20% affordable quota creates 8 affordable units. Assuming the 4 units lost were housing low income residents, those units have grown by 100%. How is this not a win all around.
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