3720-To-One t1_j8on7xm wrote on February 15, 2023 at 9:07 PM

Gentrification happens whether you build or not.

Because when there’s an ever-increasing demand for housing, but the supply doesn’t keep up, prices rise.

And guess who can afford to pay more for that old unit than the working class family?

The doctor, lawyer, engineer, etc., who would have otherwise moved into that “luxury” unit.

Unless you find a way to somehow escape capitalism, gentrification is going to happen when there is high demand for housing and not enough supply.

Rent control doesn’t work. It just picks winners and losers, and exacerbates the problem down the road by discouraging new development.

BombayDreamz t1_j8pzhbj wrote on February 16, 2023 at 2:50 AM

And escaping capitalism doesn't solve the scarcity issue either. It just leads the distribution of resources to be according to some other criterion. Sometimes something fairer... sometimes not. Ultimately the solution is abundance.