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keep_left

(2,243 posts)

12. Yep. Trump, a NYC landlord, is just another part of the problem. In recent years...

Reply to Freethinker65 (Reply #9)

Sat Aug 10, 2024, 12:07 PM

Aug 10

...property speculation and the overall financialization in the economy (the mortgage "bundling" we saw in the '08 crash) has led to housing prices so out of control that cities couldn't attract needed labor. That led to a rather grudging acknowledgment that something outside of the workings of normal market mechanisms had to be done, or there would be no workers to take the jobs. Eventually, laws and zoning restrictions were changed, and a new kind of affordable housing was built: "workforce housing". The term has become somewhat of a euphemism for "out of control local housing market", but the need for it is obvious to anyone not in total denial.

https://en.wikipedia.org/wiki/Workforce_housing

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12 replies

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Highlight:

Trump "There will be no low income developments built in areas right next to your house." [View all] Dennis Donovan Aug 10 OP

Obviously he isn't courting the votes of low-income people. Ocelot II Aug 10 #1

And his followers who are low income, but only just for now, keep GPV Aug 10 #4

Those aren't the low-income voters he's warning his fans about. Ocelot II Aug 10 #6

Oh, I heard the dog whistle. Just pointing out the irony of people voting against their interest because GPV Aug 10 #7

He can just bite me. Everyone's gotta live somewhere! GPV Aug 10 #2

What did he do while president to prevent it? Zoning is a local issue. sinkingfeeling Aug 10 #3

Oh, dear! "put something in" bucolic_frolic Aug 10 #5

So, the Weirdfather will bring back red lining. Hugin Aug 10 #8

So your domestic help, teachers aids, local service workers and laborers, etc. Freethinker65 Aug 10 #9

Yep. Trump, a NYC landlord, is just another part of the problem. In recent years... keep_left Aug 10 #12

What did you say? I couldn't hear you over the dog whistle. nt bbernardini Aug 10 #10

This is why the right wing is so fucked up. Aristus Aug 10 #11