I agree that today this isn’t too much of an issue because there are so few units. But there are proposals to build far more affordability-restricted housing, and I no longer think that’s such a good idea.
Some of what I describe above, however, is an issue today. Consider the “Buy land, take advantage of density bonuses, build a large 100% affordable fancy building, and sell the units to your just-out-of-school currently-low-earning children” case.
I agree that today this isn’t too much of an issue because there are so few units. But there are proposals to build far more affordability-restricted housing, and I no longer think that’s such a good idea.
Some of what I describe above, however, is an issue today. Consider the “Buy land, take advantage of density bonuses, build a large 100% affordable fancy building, and sell the units to your just-out-of-school currently-low-earning children” case.