The Biden administration announced new steps Friday to ensure access to affordable housing, launching a slew of resources to convert high-vacancy commercial buildings to residential use.
We study the city-wide effects of new, centrally-located market-rate housing supply using geo-coded total population register data from the Helsinki Metropolitan Area. The supply of new market rate units triggers moving chains that quickly reach middle- and low-income neighborhoods and individuals. Thus, new market-rate construction loosens the housing market in middle- and low-income areas even in the short run. Market-rate supply is likely to improve affordability outside the sub-markets where new construction occurs and to benefit low-income people.
Turns out there may be a meaningful difference between randomly cutting taxes from businesses and building a bunch of new housing.
Seattleite here. We also focused on supply side housing issues. We passed a ballot initiative last year that allows the city to establish its own housing developer which will compete with capital to build public housing.
It’s a supply side issue AND a capitalist greed issue. Don’t listen to this person.
We passed a ballot initiative last year that allows the city to establish its own housing developer which will compete with capital to build public housing.
Okay, then how is this going? We have our own developer, have we bought properties to convert into affordable housing?
I didn’t say “don’t believe this person” I said “don’t listen to them” meaning I think your stance doesn’t fully reflect reality with regards to this topic. I don’t think you’re a liar, I just think you shouldn’t be the only voice in the thread speaking for Seattle when I have an opinion to share too. Sorry if my words were offensive; it was meant to be dismissive but not offensive.
Looks like the board meets at the Capitol Hill library branch. Also I was wrong about how long ago the vote was, it was in February 2023. I’m a bit time blind so I kinda suck at that, sorry 😅
It seems like they are still setting up shop and laying the groundwork to get things done. The worst thing about government in my opinion is how damn slow everything moves.
I know you don’t care about evidence, but for anyone reading who does, here’s a study from Helsinki.
https://ideas.repec.org/p/fer/wpaper/146.html
Turns out there may be a meaningful difference between randomly cutting taxes from businesses and building a bunch of new housing.
Dude, I live in Seattle, I live in the evidence. The only reason rent went down in Seattle is because they busted the price fixers.
https://www.propublica.org/article/yieldstar-realpage-rent-doj-investigation-antitrust
The paper came out before that investigation was opened, so unless the paper is wrong, you’re probably wrong.
On Helsinki? An old world town that has way different living standards and free healthcare?
Seattleite here. We also focused on supply side housing issues. We passed a ballot initiative last year that allows the city to establish its own housing developer which will compete with capital to build public housing.
It’s a supply side issue AND a capitalist greed issue. Don’t listen to this person.
Did they also take away the ability to buy your way out of providing affordable housing?
I don’t know, I’m not on the city council so I don’t have all the details. I would hope they do approach that issue though if they haven’t already
Okay, then how is this going? We have our own developer, have we bought properties to convert into affordable housing?
Also, what shouldn’t they believe about my posts?
I didn’t say “don’t believe this person” I said “don’t listen to them” meaning I think your stance doesn’t fully reflect reality with regards to this topic. I don’t think you’re a liar, I just think you shouldn’t be the only voice in the thread speaking for Seattle when I have an opinion to share too. Sorry if my words were offensive; it was meant to be dismissive but not offensive.
You can find out directly how things are going, here: https://www.seattle.gov/neighborhoods/public-participation/boards-and-commissions/seattle-social-housing-public-development-authority-board
Looks like the board meets at the Capitol Hill library branch. Also I was wrong about how long ago the vote was, it was in February 2023. I’m a bit time blind so I kinda suck at that, sorry 😅
It seems like they are still setting up shop and laying the groundwork to get things done. The worst thing about government in my opinion is how damn slow everything moves.
That’s hilarious.
Yeah, the developers aren’t slows af, lol
They are when they’re just getting started.