Anyone surprised gentrifiers/colonizers/settler urbanists don’t like policies that keep the long-term residents in place & housing costs low? 🤷🏾♂️
YIMBY opposition to vacancy control is among the most revealing evidence of their racist urban cleansing agenda.
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YIMBY opposition to vacancy control is among the most revealing evidence of their racist urban cleansing agenda.
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YIMBY say the market will build for our need, it just needs to be freed. If that’s the case keeping existing residents/low costs in place should at worst be irrelevant to new production, or at best would spur new development since newcomers would require new places to live.
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And to add more evidence to the YIMBY racist urban remaking goal, 99/100 times ppl mention vacancy control they aren’t talking a/b the first 10/15yrs of new build. They’re talking a/b the older units ppl currently occupy, especially low-income people.
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Why is 15 yrs important: because rent forecast for a new construction project NEVER goes beyond that.
You’ll NEVER find a pro forma that goes beyond 15 yrs.
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You’ll NEVER find a pro forma that goes beyond 15 yrs.
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After yr 15, the building has definitely been sold or refinanced. So the main thing being harmed w/VC is potential profits of the SECOND SET of speculators/corporate landlords in retrade/refis. Again if u believe the solution is to “just build more” why do YIMBY care? #grift
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Entities like Invitation Homes dont build a unit of housing (or at least they didn’t n ‘18 when I was running a campaign to legalize vacancy control for the state of CA). They profit off a system that features vacancy decontrol & the ability to extract/exploit working class.
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If the goal is to lower housing prices then what’s the problem w/capping profits for Blackstone’s units?
U could even argue that w/vacancy control + tenant protections, marginalized n’hoods would be less opposed to new market-rate units, & gentrifiers would see less homeless.
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U could even argue that w/vacancy control + tenant protections, marginalized n’hoods would be less opposed to new market-rate units, & gentrifiers would see less homeless.
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But that doesn’t work for YIMBY. B/c YIMBY is a/b wiping out poor BIPOC communities. It’s their Manifest Destiny - their right to live whereever they want & remake it to their liking, w/o having to be burdened by the sight & sounds of the poors, the natives, the coloreds.
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Gotta love that vacancy decontrol is the hill this YIMBY wants to die on.
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