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Beezlegrunk t1_j4a91hl wrote

Reply to comment by karnim in Share your opinion about Fane Tower by quinntronix

TLDon’tR: “When rich people move into even more expensive apartments than they live in now, people who couldn’t afford their old apartments somehow immediately become richer and are magically able to replace those rich people in their old apartments”

Otherwise known as “high-school economics theory masquerading as actual analysis, while ignoring cities in which lots of luxury housing was built but where housing never got any cheaper” …

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sailri t1_j4bd2ib wrote

As opposed to the "let's prevent housing developers from building any housing at all?" regardless of the eventual clientele? Yeah that's a great theory.

How much money does a developer have to spend to have to build new places in RI renting for $500-1200? Figure that out and then ask "well if it costs that much why would they do it?

In this case the answer is this guy is ready to spend money to build a building. There are no/few others that are willing.

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Beezlegrunk t1_j4bxgqm wrote

Please point to all of the comments (or even one) in which people said, "let's prevent housing developers from building any housing at all" — we’ll wait.

>How much money does a developer have to spend to have to build new places in RI renting for $500-1200? Figure that out and then ask "well if it costs that much why would they do it?”

You mean you don’t actually know, but you’re sure it’s too much to do. Why haven’t you figured it out? It would make your argument more compelling if it were actually substantiated, instead of just being whatever Tucker Carlson says.

>this guy is ready to spend money to build a building. There are no/few others that are willing.

We don’t need the building he wants to build for his own personal profit — does that part matter at all?

What if he wanted to build a 300-story building, do we have to allow that because he’s “ready to spend money”?

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