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ghogan1010 t1_jbujj76 wrote

Reply to comment by relbatnrut in Fane Tower project in Providence is dead by Ph886

Rent control won’t lower rents. It’ll slow the pace of rental increases. Something I’m completely on board with and I own rental properties. I think there’s been too much advantageous gouging in the last couple years.

Again reality vs fiction. You’re never going to eliminate the landlord/tenant dynamic. It’s been around forever in various forms. You can restrict, make it more tenant friendly, but at the end of the day tenancy/affordable housing does not accomplish much more than making a select group of people feel better about themselves. Rising tide raises all ships. Raise the tide of Providence economic situation, all classes will benefit. They won’t benefit downtown or in immediate areas, but they’ll benefit.

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relbatnrut t1_jbukhf5 wrote

Trickle down sounds good but it never actually works

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ghogan1010 t1_jbula6t wrote

Of course it does. The poorest of the poor in this country and this area live lives that people in other parts of the world or other parts of the country would kill for.

It’s a matter of perspective. Poor are never not going to be poor. There’s always going to be someone who has more than someone else. But success, growth, capitalism allow programs like Obamacare, voucher programs, snap benefits to exist. Progress requires success. It’s a step in the process most “community advocates” can’t seem to grasp. You can’t create something from nothing.

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