LogFAQs > #896633800

ZombiePelican posted...

That's literally what's happening here. Every single condo along St.Charles in the CBD used to be public/ low income housing the got damaged after Katrina and those who actually managed to stay need up being priced out with their business or houses getting demolished to make room for condos. You've literally never been here once and if you did you never left The Quarter or suburbs so quit talking like you know anything

I've been several times, but it doesn't matter. This is universal across all cities that are adding people, and building condos doesn't make it harder to afford housing. The relationship is in the opposite direction.

ZombiePelican posted...

Low income renders can't afford condos and that's all that's being built is what you fail to understand

No, you're just failing to understand a very basic economic principle. Most low-income housing is old; the affordable housing that the vast majority of people live in is old, because housing typically lowers in price as it ages except for in particular historic districts. We've never built new 'affordable housing' in this country

What causes rents to rise is when there are more people looking to live in an area than there are available places to live. By making housing for rich people now, you're avoiding a more serious gentrification problem like you see in places like the Bay Area (and really, across California) where rich people are gentrifying huge swaths of the metro areas -- not just downtown in the central city -- even though California has until recently has been incredibly resistant to development like the kind you're crying about here

Rich people are perfectly willing to live in the older housing that most low-income people live in if there aren't newer units available for them. That pushes people out much more quickly than building new housing does.
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He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.