In Reply to: Re: Unless they're being built as luxury apartments posted by Dr.J on December 29, 2024 at 08:43:14
ties it to back to the choices we have made about how to implement capitalism operates in this country that it's going to be hard to do justice to it in a side post already descending the front page's thread ladder. The bottomline: yes, NIMBYism is bad, but it's also an absolutely necessary response to the larger wealth generation issue in the larger context.
I'll just make this observation: I see plenty of high end apartment buildings being put up in my town and they are perhaps the *only* kind of apartment buildings that are getting built. But they are also mostly empty. It's as if whoever is building these things is making more income by not renting them out. I don't know if this is a state or federal credit grab going on, or these buildings have more value as tax write off, or there's some class action litigation going on somewhere, or if they're all being turned into airbnb ... no idea. All I know is, they don't look affordable for ordinary individuals/families and they are sitting there empty.