That's racist!

#12,255
#12,255
Rasputin_Vol said:
Damn. I went online and couldn't find any on Amazon. Wow... sad.
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You can get them on ebay. I saw 'And to think that I saw that on Mulberry Street' for $350. Just a cursory look though. I cant wait to get to my M.I.L.'s house again to go thru the attic.
 
#12,256
#12,256
ButchPlz said:
My favorite thing my city did was:
1) seized several properties in the 'bad' part of town that were behind on taxes
2) invested millions in fixing them up
3) made the houses on those properties 'affordable' according to their perspective ($1k+/month in a neighborhood with average rents around $300/month)
4) changed the micro-market in that neighborhood in such a way to drive rents up in the neighborhood, forcing out nearly everyone that lived there before
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What city is this?
 
#12,260
#12,260
ButchPlz said:
It's killed our downtown. The apartments in our downtown are close to DC-level rents. It's an economics thing that our government doesn't get- when they hand developers buildings for $1 and give a 10+ year tax break, tying it only to a promise from the developer for a cool million in redevelopment (most ends up spent on admin costs, of course) then those developers have zero incentive to fill their apartments to max capacity. When you actually talk to realtors around here most of our downtown apartment buildings are at about 40%-60% capacity, creating a dead downtown with a bunch of useless space.
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That drives me nuts about here. Developers are paying $1M an acre for land downtown. Market is scorching. Then they go to the planning board hat in hand saying they "can't make this work" unless they get a PILOT or tax abatement. And the overwhelming majority get approved. If they were buying brownfields or land in downtown Podunk I could understand incenting that. But they're just abusing tax dollars to finance their projects. Do away with the program and the prices will magically factor that in and the projects will still get done. Yet another example of the government making something "affordable" and the prices curiously rise in lockstep with the freebies.
 
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