Quote:
Originally Posted by Weitz
It also hurts every other person who is renting that doesn't qualify for affordable housing by artificially keeping rent high in the city. So now these people are essentially paying taxes to keep their own rent higher than it should be.
|
I am pretty sure if rents were any higher more rental buildings would go up. Lots of rental apartments have been built lately, and rents are still much lower than they have been.
The city owns that land, they could sell it and have the same number of market rent apartments built easily.
Then subsidize the same number of low income people to live where they want to live, and let people who want to live in that location live there. Seems win-win to me.