this post was submitted on 21 Aug 2024
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3rd and Union?
Yeah, just outside of the angle of this shot are more than likely a significant number of homeless people.
And this is not going to be a homeless shelter, its gonna be extremely expensive apartments, with 10% of units aimed at people earning less than $84k, meaning a rent of about $2.3k for a studio.
What a bargain!!!!
More housing is still more housing. Let's not let perfect be the enemy of good.
People would move in vacating other apartments, so I agree this should still help
Prices reflect supply. The more apartments there are available, the less landlords can get away with charging very high rent.