Originally Posted by RED_PDXer
^ Rent control...
not rent control, that is much different that what I am saying. I am referring more to the high cost of construction seems to be the excuse that developers use to call their project luxury apartments. There seems to be very little incentive as well as little desire among developers here to build more moderate rent apartments.
With all this infill going on, having a 12-24 unit apartment building being built with rents under 900 should be happening here as well. Sure, the profit margin would be much lower, but it would be providing a larger variety of units to the market.
Height incentives as well as other incentives and tax credits would be a great way to entice more developers to take part....of course we could do it the Vancouver way and make it a requirement.