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steelrat@lemmy.world

Could fewer shops lead to lower housing costs in Washington? Gov. Ferguson hopes so (m.kuow.org)

submitted 2 days ago by pelespirit@sh.itjust.works to c/seattle@lemmy.world

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When developers build apartments in pedestrian-heavy areas, many cities require restaurants or retail on the ground floor. The idea is to encourage people to walk, rather than drive, to shop and dine.

But developers often lose money on those storefronts, and those costs get passed on to renters through higher housing prices.

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[–] omega_x3@lemmy.world 2 points 2 days ago (1 children)

Housing prices will drop in the next 20 years as so many boomers die and millennials are gen xers sell to pay off their debts.

[–] pelespirit@sh.itjust.works 1 points 2 days ago

Not if corporations buy up the stock. We have to make it illegal for them to own the stock.