Submitted by The_Dream_of_Shadows t3_11o0fac in RhodeIsland
Standupaddict t1_jbs5ebf wrote
Reply to comment by Status_Silver_5114 in Fane Tower project in Providence is dead by The_Dream_of_Shadows
Everyone, because it means people with lower incomes don't have to compete with as many rich people for modest apartments.
Then-Attention3 t1_jc4prz6 wrote
Rich people aren’t competent with poor people for apartments. Corporations are buying up real estate to sell it at a high price point. Rich people don’t need more houses, they buy it for more money. And it’s bullshit. We need to stop playing life to serve the 1%. Tax them at 70% put a cap on the amount of housing units they can own. Allow middle class to buy a home they’ll actuall live in and not have to rent out from some nepo dick head
Status_Silver_5114 t1_jbskmch wrote
That’s a developers talking point.
Standupaddict t1_jbteo5g wrote
Maybe, but it's true.
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