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Greg Gerritt's avatar

The statements that other cities are failing with rent stabilization or it hurt them in x, y or z manner have never offered up an example from a city that matches the situation here. Most cities with a population about that of Providence, are much larger and less dense, having more room to build low rise housing. It totally changes the housing market when there is abundant land in the city to build on. It is difficult to build in Providence for a variety of reasons, but mostly because there are only a few buildable lots in appropriate locations. Have any of the cities being sited been old dense post industrial cities being over whelmed by gentrification driven by tax breaks and subsidies to the rich, with very limited new housing for the lower income communtiies since the federal governmet got out of building low income housing when the landlords convinced congress (and all other legislators) to stop buildiong housng as it was preventing them from being able to jack up rents, or as it is referred to in economics book, rent seeking. So the landlords seem to want to mess with us coming and going. Eliminating the government money for housing, then working to prevent us from stopping price gouging. Clearly they want it both ways, and the commujnty gets more homeless people ast he landlords snicker on thier way to the bank.

So people opposing rent stabilization, show us postive solutions being put into place in comparable places with limited land and how they are financed. And then show us how you intend for Providence to implement it before more people become homeless? If you have no good answers, at least let us try somewthing with a chance to work.

Susan Wright's avatar

Important analysis of the breakdown.

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