Ok, I get it-- rather than a sense of satisfaction or excitement, it is the sounding of an alarm about "overbuilding" and thus apparently saturating the market. Seems incredibly early to suggest this conclusion or to call for a lack of action in building new housing. How would you view the following three examples of planned new housing:
100+ units planned for going up at the corner of Franklin and Portland 76 units very likely going up on Franklin and 15th Avenue 900 units going up over at Near North (now called "Heritage Park") Should we stop progress on these projects to avoid overbuilding? Gregory Luce North Phillips (work) >> [GDL] Just curious as to how lessening of a tight >> market benefits landlords who otherwise are getting high rents and >> little turnover. Is it political satisfaction in some way? Or am I >> reading the landlord response differently? >> > [Craig Miller] The housing crisis is ending. I don't want to see an overbuilding. >First > the resources could be better used elsewhere (hammer of government spending > on housing). [Mel Gregerson] Yes, you are reading the landlords responses differently. There are to many apartment projects waiting in the wings for huge subsidies. If the news of the numerous vacancies stop the excess building, then the private housing providers will have smaller tax increases to pass along to their renters. _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
