relbatnrut t1_jbuhgqf wrote on March 11, 2023 at 8:30 PM

Reply to comment by Synchwave1 in Fane Tower project in Providence is dead by Ph886

If people don't have to spend 60% of their income on rent they can contribute more to the rest of the economy. That helps everyone.

ghogan1010 t1_jbui2nt wrote on March 11, 2023 at 8:35 PM

And unless you’re looking to subsidize the private citizens who own those properties and charge rents based off supply and demand, Peter Pan is waiting for you in Neverland.

There’s a BILLION scenarios that would’ve could’ve should’ve. Let’s deal with what is. What is is a great opportunity for Providence to have a renaissance within the downtown and bordering areas. They can become a higher end community that attracts a lot of great businesses and reflective of a State Capitol that sits beautifully between Boston and New York. The benefits of that will be a city filled with vibrancy able to spend on other projects that can help affordable housing, etc.

relbatnrut t1_jbuiyhy wrote on March 11, 2023 at 8:41 PM

> And unless you’re looking to subsidize the private citizens who own those properties and charge rents based off supply and demand, Peter Pan is waiting for you in Neverland. >

I'd rather have rent control but you do you

ghogan1010 t1_jbujj76 wrote on March 11, 2023 at 8:45 PM

Rent control won’t lower rents. It’ll slow the pace of rental increases. Something I’m completely on board with and I own rental properties. I think there’s been too much advantageous gouging in the last couple years.

Again reality vs fiction. You’re never going to eliminate the landlord/tenant dynamic. It’s been around forever in various forms. You can restrict, make it more tenant friendly, but at the end of the day tenancy/affordable housing does not accomplish much more than making a select group of people feel better about themselves. Rising tide raises all ships. Raise the tide of Providence economic situation, all classes will benefit. They won’t benefit downtown or in immediate areas, but they’ll benefit.

relbatnrut t1_jbukhf5 wrote on March 11, 2023 at 8:52 PM

Trickle down sounds good but it never actually works

ghogan1010 t1_jbula6t wrote on March 11, 2023 at 8:58 PM

Of course it does. The poorest of the poor in this country and this area live lives that people in other parts of the world or other parts of the country would kill for.

It’s a matter of perspective. Poor are never not going to be poor. There’s always going to be someone who has more than someone else. But success, growth, capitalism allow programs like Obamacare, voucher programs, snap benefits to exist. Progress requires success. It’s a step in the process most “community advocates” can’t seem to grasp. You can’t create something from nothing.