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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

Where is that land of benevolent high rise builders? [b]You cannot increase supply without giving government incentives[/b], which usually means some sort of subsidized housing. You cannot force developers to take a hit to build. They are not non profits.  In NYC building developers get tax breaks if they allocate certain percentage of housing to mid income, they don't want low/no income as they want steadily employed law obedient people, just not high earners, they want MC. But this housing is very hard to get, there are long waitlists and lotteries and qualification requires certain level of earned income, but not more than cut off. I know people who live in these places, there used to be entire buildings and compounds, but nobody is building this anymore.  Developers give only a few units away in exchange for tax breaks and this costs the city and its taxpayers. [/quote]

There is such a thing as market-rate affordable housing.

Housing for poor people requires government support. But there's no reason the market can't support housing for lower-income people. It's not as though the housing market were segmented in two groups, (1) people with piles of money and (2) very poor people. If the builders build lots of "luxury" units, then the people with piles of money can stop bidding up the prices of the existing less-luxurious units.[/quote]

The NIMBYs who write this stuff have apparently not shopped for an apartment lately. They do not seem to realize that middle class people live in older high rises, that those older hi rises are priced to the market with great precision, that a tight market for new luxury units sends people, at the margins, into the older buildings, driving their prices up and displacing people further down the ladder or out to sprawlville.[/quote]

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