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Ross Britton's avatar

Martin, I agree with most of what you say, but apartment developers don't drive the market, demand drives the market. Builders can only build what people want, or they go out of business. Apartments are a leading economic indicator of first time home buyers. Affordable housing is being built in many cities, once again, due to demand. The permitting process is onerous, in many places; you don't get to just "build" without any vetting. What do you suggest the process should be?

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Ross Britton's avatar

Also, your statement " developers picking up distressed properties, and repurposing them. "

Have you seen what happens if this isn't done? Go to East Cleveland, or St. Louis, or Gary Indiana, or Youngstown Ohio. Now, look at the result where properties are fixed up: Brooklyn, NY......remember how it looked in the 1970's? Some parts of Baltimore. and Cincinnati ( Over The Rhine area). These areas are now attracting the community, who come and spend money that benefits the city. Once again, Martin; what do you suggest as an alternative?

Look, I agree with a lot of what you espouse. But often people get the process and purpose of re-development and re-gentrification wrong.

I would be interested in hearing your alternative roadmap(s).

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