cross-posted from: https://lemmy.world/post/14231269
Let them fight (second image in body)
this post was submitted on 03 Jul 2024
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Housing Bubble 2: Return of the Ugly
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The real solution is that new housing permits cannot be granted until a certain threshold of low income housing is met. For instance, if 3% of the rental market is low income housing, and the city ordinance requires 15%, no new multi-unit housing construction permits are granted until the minimum threshold of 15% is met. Don't let them build their "luxury" condos until the needs of the city are met. Unfortunately, money talks, and right now the people building the condos have a lot of it.