Reply to We need homes. A lot of homes. Not just affordable, but also middle-income homes.

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Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."

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

I think it is a combination of astroturfing for developers, as you say (they have refused to reveal their funders but have a lot of developers on their Board), but also just extremely motivated self-interest. People in their 20s want cheaper apartments to rent and think allowing developers to build thousands of units of Studio "luxury" apartments will somehow make their apartment cheaper because "economics". [/quote]

Well yes, without those luxury units, the people who moved in there would have needed another place to stay.  Perhaps they room up with someone else instead, or other options, but they would be providing competition for the available apartments.
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Those luxury units also have a price effects on existing rental stock which drives the price of those units higher. This is how gentrification works. You really need to read past the Freshman level textbooks folks. 
https://wordpress.clarku.edu/mdavidson/files/2012/02/Davidson-Lees-2010-New-Build-Gentrification.pdf[/quote]

God, this is just so incorrect. Have you owned a rental before? Jesus. You can't raise rent if there are 20 people in line for your apartment.

https://www.upjohn.org/research-highlights/new-apartment-buildings-low-income-areas-decrease-nearby-rents

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