Submitted by quinntronix t3_10aumg4 in RhodeIsland
fishythepete t1_j474i58 wrote
Reply to comment by cheekiewalrus in Share your opinion about Fane Tower by quinntronix
>Minimal amounts of research would have brought you to this conclusion but you’ve opted to do zero.
Hmm…. Tell me again, how many new housing units built in Boston in the last 10 years, how many new residents, and how many new jobs.
Building the towers didn’t cause more people to move to Boston. It’s emergence as a biotech hub with many high paying jobs did. The new luxury construction has net reduced the impact of this growth in demand beyond what it otherwise would have.
People were moving to Boston for those jobs. The only question is how many locals would no longer be able to compete for housing as a result.
But hey - I’m the one who hasn’t done research. Sure.
ETA: Just to be exceedingly clear - the construction of the fane tower isn’t going to cause people to move the PVD. People making the decision to move to PVD (ie people who live in Boston but now only commute 1x / week post-COVID) do so because it offers something the alternative doesn’t (in the above example, lower CoL). The fane tower will reduce the impact some small number of those people would otherwise have on the housing market when they financially outcompete locals for existing housing.
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