Remember this when you complain about rents
The price of rent is a function of supply and demand. Projects like this increase the supply and lower the price. It isn’t hedge funds or greedy landlords or whatever other bullshit they keep telling you about why rents are high. It is because of artificially reduced supply from idiot politicians and your own neighbors who don’t want their precious neighborhood esthetic to ever be changed from when they moved in 6 months ago.
The price of rent is a function of supply and demand. Projects like this increase the supply and lower the price. It isn’t hedge funds or greedy landlords or whatever other bullshit they keep telling you about why rents are high. It is because of artificially reduced supply from idiot politicians and your own neighbors who don’t want their precious neighborhood esthetic to ever be changed from when they moved in 6 months ago.