Submitted by The_Dream_of_Shadows t3_11o0fac in RhodeIsland
captainastryd t1_jbq6nza wrote
Reply to comment by fishythepete in Fane Tower project in Providence is dead by The_Dream_of_Shadows
The city desperately needs housing. It does not need luxury housing.
fishythepete t1_jbqda51 wrote
Luxury housing is housing. It’s not rocket science. Somebody who would move into the building moves down from Boston. But we don’t build luxury housing. That’s fine - they get a nice place in fox point. The person they beat out for an apartment looks somewhere else. And so on down the line. The people at the top aren’t the ones feeling the pain.
Proof-Variation7005 t1_jbqehaj wrote
Yes. It really fucking does. Supply and demand is still the driving factor and there's still going to be people getting price out of Boston who move here and if we're not adding units for them, they're just going to outbid for what's already here.
That's already been happening for years. We need to increase housing at every price point otherwise anything that isn't section 8 is guaranteed not to stay affordable.
steveb-in-ri t1_jbqce54 wrote
Exactly! It's much healthier for cities and the environment to make sure the upper classes continue to live in outer suburbs and commute in for work.
jjayzx t1_jbqaufi wrote
It appears luxury housing is the only damn thing being made and allowed to continue. It's fuckin stupid the shit that's being pulled everywhere with housing. Here in EP the mayor made a big photoshoot before election of "breaking ground" on a housing project, that's been sitting for years. A percentage of which is supposed to be affordable. That pile of dirt that they literally brought in instead of actually just digging some up from this empty lot is still there, untouched. While on the other end of the street a nice apartment or condo building is put in. Then there's the Kettle Point development that literally paid a fine just so they wouldn't have to do a percentage for "the poors". Then up the road more where there was gonna be a huge waterfront development with a bunch of housing, a percentage affordable, and shops, restaurants and what not. Straightened out the land and now just sitting there some years, long empty waterfront strip. Then there's Exxon that owns the most land in the city and most of it empty now and they don't pay property taxes on any of their land, I looked it up. It's all valued at $0.
FoleyisGood t1_jbqcgry wrote
Smilin' Bobby loves his photo shoots!
Proof-Variation7005 t1_jbqgec9 wrote
>It appears luxury housing is the only damn thing being made and allowed to continue.
I think the problem with that is we either need to invest a LOT of public money to subsidize housing or rely on what private developers are willing to pay for.
Anyone willing to build a building full of sub $2000/month apartment when they could be do one thats changing more is probably too stupid to afford it.
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