Urban Rental Housing is a City Development Strategy
CategoryNews Briefs
On one hand, it's driving up urban housing prices; on the other, it's monopolizing the rental market. This is a tactical strategy—its purpose is to humanely push out those who can't afford to live here, effectively filtering and retaining valuable, high-spending residents.
It's also called "wage recapture," "indirect taxation," or "demographic optimization"—designed to encourage talent to circulate back to local areas.
A 65-square-foot apartment rents for $7,900. You call that affordable housing?
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