Viewing a single comment thread. View all comments

Ilanaspax t1_ja5f9a1 wrote

Reply to comment by jersey385 in I have a dumb question - do property taxes ever go down? by Fun-Concentrate2630

Who cares about voting or investing in the community when most residents know they will be priced out in a few years? The city knows exactly what they are doing when they let developers turn all the housing supply into luxury rentals that very few people can afford to live in long term. It’s a free for all with no oversight.

−3

JeromePowellAdmirer t1_ja5tbmt wrote

We are not even close to "turning all the housing supply into luxury rentals." And believe it or not an 800k old townhouse is not affordable. It's already expensive as hell. Thus it's better to put 5x the number of units there, some smaller and cheaper than that. If you were to replace every single old home in the entire city with 5x the units on the same amount of land rents would very clearly go down. You're asking for San Francisco pro single family policy and that does not work. Or you can try taking a quick trip to NYC and see how "affordable" all the downtown Brooklyn brownstones are since they never replaced them with more density. And if you don't like population growth I recommend inner city Baltimore or rural Ohio.

5