U.S. Building More Apartments Than It Has In Decades, But Not For the Poor: Report

[CodeBlaMeVi]

This issue is republicans and conservatives fight tooth and nail on government intervention (Keynesian policies) build affordable housing. Projects were destroyed…

I don’t care to write further.

 

[Bubba T]

It's plenty of affordable apartments......if you don't mind living in the hood

Gentrification is a thing man.

 

[BigMoneyGrip]

Money laundering.

I need my cut

 

[CashmereThoughts]

Over the past 7 years I’ve seen so much new apartment complexes come up and all the rent is ridiculous. 500sqft 1br places starting at $1400. This is in the “affordable” part of the city (Midwest). Rent was below $900 when I moved into my house.

They said the Midwest was still cheap

 

[Trojan 24]

Any new apartment building around LA charging almost 3K for a 1 bedroom

 

[CashmereThoughts]

people in Houston and Dallas that is complaining now because the new apartments have approached the coastal areas costs.

That’s the ill part about all of this. If rent in DC OR NY was 1800 then houston was $900. There’s no where to run. If imma be paying 85 percent of what it costs I’m NYC to live in Texas imma stay my ass in NYC.

With no car expense it’s cheaper

 

[DonB90]

You from Miami? WTF happened to Liberty City, Little Haiti, and Overtown?

Did they push all the black folks out or something? Gentrification must've did a number on those neighborhoods

Still Black people just noticeably less and yes being "priced out"

 

[CashmereThoughts]

Not even

They got studios/1 bd going for $1200 in Little Haiti. I don't know where/what affordable is anymore

Shiiiiiiiit. $1200 sound good then a MF.

 

[Digital Omen]

I look out my balcony and count 10 cranes, avg 2500+ for a studio/1br

 

[ORDER_66]

No shyt... these apartments they building by the LIRR aint for the poor people we been knew this...

 

[Digital Omen]

Not even

They got studios/1 bd going for $1200 in Little Haiti. I don't know where/what affordable is anymore

Back in the Bush/MySpace days I paid $400 for a studio on 62 and 4th av down from Edison

 

[desjardins]

This is the San Francisco fallacy that NYC and Hong Kong already proved wrong
The idea that building more dense units would cause a deep decrease in prices. Nope, demand will still outpace supply in popular areas
Ton of new apartment units in my city too and they are all priced at a premium

 

[Bubba T]

Any new apartment building around LA charging almost 3K for a 1 bedroom

I see a place in LA for ~1300 for a 1 bedroom....in a 5 bedroom co-living "suite". 172 sqft

 

[Womb Raider]

They built $1600 apartments on Broad and Girard

 

[Legal]

Didn't need a study to get this point across out here. You're damn near better off scrounging up the down payment money for a smaller house or condo instead of renting at this point.