YIMBY: Build enough market-rate housing, eventually rich folks will stop competing with poor, working- and middle-class people for apartments. PHIMBY: Build enough social housing, eventually poor, working- and middle-class people will stop competing with rich folks for housing.
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That's fair! But there are circumstances under which which for-profit developers bid up the costs of land and construction labor so high that they squeeze out affordable housing developers, no?
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here's the pickle. all residential land, the vast majority of which has existing housing on it already is basically protected/appreciating. Bay Area housing has 2X-ed in value every cycle since the 80s.pic.twitter.com/AyUU0azB7Q
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