Luxury Apartments Are Bringing Rent Down in Some Big Cities
“New building openings are bringing rents down as wealthy tenants trade up, forcing landlords to drop prices for older apartments.” @business
@CDeclension@SinaiLawFirm@the_transit_guy There’s a certain benefit you get from a concentration of talent. This happened naturally, not because of gov. policies.
I’m still not understanding how abusing local government policies to restrict new housing is beneficial for anyone anywhere.
@CDeclension@SinaiLawFirm@the_transit_guy It wouldn’t feel like such an extraction if more people could participate. How does the local shopkeeper or restaurant operator survive when the price of real estate is artificially inflated by restrictive policies?
@CDeclension@SinaiLawFirm@the_transit_guy You think cities should be exclusive? Strange but ok.
The part that confuses me is you disagreeing with cities being centers of economic growth.
Do you know what a city is?
@SinaiLawFirm@the_transit_guy Cities aren’t meant to be exclusive. They’re centers for economic growth and production. Why intentionally stifle growth?
@gbaroth@CohenSite@BarryRoland19 I think we agree here more than we disagree! It seems to be headed in the right direction at least. Many folks want Santa Monica to be better at handling these issues so there’s hope!