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treestreestreesrva t1_jd9s6sx wrote

Except the numbers show that rents haven't spiked as much near Richmond Highway and other lower income places. They're up, but not like $1600/month for a single loft. You can still rent a whole house for less than that in many areas. We also haven't seen the trailer parks resurface or expand like they did in the 70s.

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airquotesNotAtWork t1_jda0892 wrote

The increases in those neighborhoods is more meaningful to those who live there because they’re already low income and disproportionately more rent burdened. And because most of the area around there is zoned for single family homes(when not industrial) developing anything other than that (even just low rise apartments or other lower cost housing) is more expensive for the private sector because they would have to go through a long and expensive variance process, getting neighborhood feedback, etc.

part of the reason there hasn’t been expansion of trailer parks is because of our zoning as well.

Finally as someone else said, expanding supply of “market rate” housing in wealthier areas keeps rents from rising elsewhere even in low income communities https://research.upjohn.org/up_workingpapers/307/

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treestreestreesrva t1_jda5vrd wrote

Cool and I'll counter with Richmond's low income housing projects of the past that have failed and all have begun to be replaced with houses not apartments because it has better outcomes.

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