Why are they only producing luxury eggs??Submitted by jakejanobs t3_10fdf5e in providence
CocaineSlippers t1_j4y0sl4 wrote
Reply to comment by Mountain_Bill5743 in Why are they only producing luxury eggs?? by jakejanobs
Even if 40% of them were locals moving up the ladder, it's still better than nothing. Rental arbitrage opportunities around here are nearly nonexistent, can you substantiate their impact on the local market or otherwise prove that arrangement is an issue? Typically the subletting you see going on around here is student housing that's by the room.
The likelihood that the condo association would be originally constructed to permit short term rentals in a brand new luxury build is very slim.
You cant write off vacancies as they are not an expense. Rental vacancies are marginal in RI, and there is a supply/demand imbalance in the retail market that requires no explanation...
People need to get over it and let growth happen so we can move this city forward.
Mountain_Bill5743 t1_j4y4xjo wrote
All I said was that this was based on a model and that all models have some flaws. Why can't we entertain some nuance about where these concerns come from? I say this as someone who isn't opposed to luxury housing but pro empathy.
The way to move this city forward is to build bridges with the people who live here, especially on the fringe, not dismiss them with contemptuous tweets suggesting they're simpletons--these are our neighbors. It's honestly appalling to me to see something so dismissive as this post adjacent to posts about turning your heat off in January to stay afloat.
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