Few things emblematize the split between use and exchange value than rent. “The U.S. is building more apartments than it has in half a century, but the poorest people still can’t afford them.”
While demand for affordable housing has grown, the only increasing supply is high-end apartments, from new construction condos which enable gentrification, to the ultra-luxury and mostly empty skyscrapers.
Roshan Abraham
@corlin we have the same issue.
what i've learned is that the 🇨🇦 federal govt had an incentive program for developers & mgmt companies to build affordable apartments to provide that supply. since all those incentives have all but disappeared, they're still building but the high end stuff that they can profit from.
It doesn't help that the government's concept of "affordable," and the salaries of those of us who need such housing, don't match up. Until governments start making a movement toward raising the min wage, (min here in the US needs to be at least $18hr), we're never going to be able to afford "affordable" housing.