Why do YIMBYs and affordable housing advocates keep fighting each other? Current theory is YIMBYs have concluded that development reduces mean housing costs and affordable housing advocates conclude luxury development reduces affordable housing. But these beliefs don't contradict
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The primary funding source for Affordable Housing is not taxes on Market Rate Housing, and shouldn't be. It we do that, we'll never get enough of either. We should directly subsidize a ton of Affordable housing through taxes, bonds, etc.
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Zoning restrictions don't help us get Affordable Housing. Sometimes a few big cities use the "granting of density" as a carrot to get market rate developers to give more funding to Affordable Housing. We have mixed feelings about these kinds of policies.
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Market rate multifamily housing is bad for affordability, not good. It attracts more high-income residents, who employ low-income service workers, but there's no corresponding increase in affordable housing, so affordability gets worse.
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You appear to be quoting the reasoning used by SF's residential Nexus Analysis. Know it has many flaws, chief among them, the idea that high-income residents wouldn't still move here even if we didn't build housing. (Many nhoods have gentrified w/ no dev) https://blog.yonathan.org/posts/2017-04-stop-quoting-the-residential-nexus-analysis.html …
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