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Metropolitan DC Local Politics
Reply to "Say NO to Bowser on changing building height limits"
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[quote=Anonymous][quote=Anonymous]Developers will never build enough units to meaningfully reduce costs. They operate in a cartel-like manner, in collusion with city officials (to some extent). Developers and the city lose when housing becomes more affordable. Their incentives are to create enough housing to keep up with population growth, but not so much to lead to price declines. The only “affordable housing” is through government rental programs and that will never create personal wealth for middle class workers.[/quote] 1. Even IF that were the case, it would be better than building less, not keeping up with population growth, and having price increases 2. IF the city is going to collude to support a cartel, it would do so BY things like zoning that limits housing supply. If you oppose such cartels, ou should oppose such limits on supply 3. The power of District to enforce a cartel is impacted by competing development in Arlington, etc 4. I don't know of any actual evidence of such a cartel 5. The goal of housing policy should be to enable housing, not to determine how people "build wealth". [/quote]
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