Submitted by psychothumbs t3_10vaui5 in nyc
[deleted] t1_j7gklul wrote
Reply to comment by capttony84 in Why Rival Sides In The Housing Crisis Plaguing NYC Are Considering Peace by psychothumbs
[deleted]
capttony84 t1_j7go431 wrote
I'd love to see the government subsidize the affordable units. I don't think you understand my initial point. IZ reduces the acquisition cost by requiring X amount of affordable. Believe me if I could pass on the costs to my market rate tenants I would but they would just go somewhere else so my market units are at market and the affordable are less thus forcing the buyer to lower their acquisition cost
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