dooster

dooster t1_je2wkyr wrote

There are some absolutely clueless and vitriolic folks active in this subreddit. It makes me want to unsubscribe.

The ONLY viable way to decrease rents is to aggressively increase the supply. It is basic supply and demand. No one builds 40-year old “cheaper” buildings. Those come around when newer buildings come online and create competition (aka lower rent) for the older product.

Clowns in this subreddit knock downtown development but they should be looking for ways to have 20x the development if they really want rents to drop. If you want the young professionals not to be “transient” and actually stick around to raise their families, resi projects should encourage 3-4 bedrooms (instead of actively discouraging them) and all the money / taxes they are spending in JC (that you’re complaining about) should be directed to viable schools to accommodate them.

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