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"What's the community benefit?" "Housing." "...But..But what does the community get?" "Housing." "Housing is a community benefit?" "..."pic.twitter.com/z5Dx6jw7v7
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Housing that is beyond the means of current residents is beneficial for taking pressure off existing residents.
If there are people able to spend a lot of money on housing in a given neighborhood, then there are jobs & demand.
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Those rich people are out apt hunting. They bid up the existing housing stock. They take whatever is available.
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By building market rate housing (without tearing down existing housing), we take pressure off existing residents.
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