Darrackodrama t1_ixh4mwu wrote on November 23, 2022 at 12:11 PM

Reply to comment by GND52 in It's a Miracle Your Favorite Local Bar Still Exists by troxwalt

But people aren’t building more apartments precisely because it would make the system less profitable?

You see the problem with your logic? It rests on the assumption that the private market needs to build except reality has actually shown the private market doesn’t ever want to build.

Then you circle back around and introduce some hypothetical actions that a private market hasn’t ever provided assuming by magic that they will.

ctindel t1_ixihs2r wrote on November 23, 2022 at 6:14 PM

Plenty of people want to build, they just can't because of stupid zoning FAR limits and corruption making the cost of construction here absurdly high.

Darrackodrama t1_ixiplki wrote on November 23, 2022 at 7:05 PM

Build what then, more “luxury buildings”? And why does it matter that they take a loss when you’re providing an essential human need?

This is why the government needs to get back into the business of social housing

ctindel t1_ixjb8m5 wrote on November 23, 2022 at 9:29 PM

> Build what then, more “luxury buildings”?

No, I think the government should remove FAR restrictions but only for owners who will build coops that are affordable to purchase by the middle class and must be owner-occupied as a primary residence.

> And why does it matter that they take a loss when you’re providing an essential human need?

Because this is the real world and nobody is going to take a loss on purpose. Yes the government could get in the game but if they're just providing rentals it won't solve the problem. We need more middle class homeownership here not more lifetime renters.