Marin Post – by: Niccolo Caldararo – April 1, 2019
“But we have to ask why American cities have a glut of high rise developments and still little affordable housing? That is because builders and financiers are pursuing luxury buyers and planners and politicians are supporting them.
Most units built are not primary residences but are speculative investments (back to the commodification of housing). What we need is a housing policy that prevents the construction of commodified units and promotes affordability. So just beating up on cities and towns to allow more housing will not solve the problem, it will only reduce our democratic traditions and reduce the potential for real affordable housing by building up available sites with market rate and speculative units.
The real solution is state financing of community development corporations that will build actual affordable units.”