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meme-scraperr t1_jbtijg3 wrote

Reply to comment by MahBoy in Fane Tower project in Providence is dead by Ph886

The public benefit is that the rich kids who are buying up all the housing downtown and in fox Point can live there and open up housing for poor people it’s not hard to understand

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relbatnrut t1_jbuipei wrote

And then more rich people from Boston and New York are attracted to a perfect little gentrified city and more luxury housing is built and rents are still sky high but it's okay because the filtering effect will probably kick in sometime around 2045 and housing will finally be affordable.

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MahBoy t1_jbubhak wrote

Right, because the rents they were paying elsewhere are magically going to go down because they found somewhere else to live /s

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meme-scraperr t1_jbubu9s wrote

Your understanding of basic economic principles is laughably bad, but actually not so funny because I share the same city with you

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