This past Sunday, I saw a flyer titled “Last Chance to Fight Gentrification in Uptown!” urging residents to ask their alder to vote “no” on upzoning Broadway from Montrose to Devon. As a former alder, I had a 30-member zoning committee and often showed research proving that building more housing helps control rents and preserve our naturally occurring affordable housing (which is 1/3 of the cost of new affordable housing). The main challenge was that many activists rejected the basic economics of supply and demand. One even told me, “Anyone can find research to prove their side.” Alders who want to keep their seats face intense pressure to oppose development.
ADU's aren't going to increase housing availability. It will allow a way for property owners to create temporary housing like AirBNB so they can make more money on the property.
I suspect the reduced demand in Minneapolis is a consequence of the George Floyd riots and catastrophic governance around crime.
I'm stuck in Chicago until my kid finishes high school then we are getting the hell out. The people here are nuts and deeply incompetent. I want nothing to do with them.
This past Sunday, I saw a flyer titled “Last Chance to Fight Gentrification in Uptown!” urging residents to ask their alder to vote “no” on upzoning Broadway from Montrose to Devon. As a former alder, I had a 30-member zoning committee and often showed research proving that building more housing helps control rents and preserve our naturally occurring affordable housing (which is 1/3 of the cost of new affordable housing). The main challenge was that many activists rejected the basic economics of supply and demand. One even told me, “Anyone can find research to prove their side.” Alders who want to keep their seats face intense pressure to oppose development.
ADU's aren't going to increase housing availability. It will allow a way for property owners to create temporary housing like AirBNB so they can make more money on the property.
You just explained how it reduced demand on housing. ^^^
I suspect the reduced demand in Minneapolis is a consequence of the George Floyd riots and catastrophic governance around crime.
I'm stuck in Chicago until my kid finishes high school then we are getting the hell out. The people here are nuts and deeply incompetent. I want nothing to do with them.