Wu Train to nowhere | Prickly progressives | Bye-bye BPDA? | Quick hits | About Contrarian Boston | News tips? Story ideas? Email us at sbvanvoorhis@hotmail.com Next up for Wu: Blowing up City Hall’s development agency With her plan to slap a cap on city rents, Boston Mayor Michelle Wu grabbed
Contrarian has raised some important points about unintended consequences of urban policies and reported on key metrics. However, I could do without the gratuitous anti-woke insults.
Contrarian toes the Rental Housing Association's party line against rent control, forgetting the overwhelming support by actual voters to retain it in Boston, Cambridge, and Brookline in 1994. The whirlwind of development that followed in Allston and Brighton, engineered by Harvard with the support of the Boston Redevelopment Agency, now renamed, scraped affordable rentals off the map. Yes, that was in my backyard and we said no. Many unaffordable units were created. That sort of a economic engine was driven by big developers et al. And a lot of high-end housing was created for what purpose? Not for affordability.
Regarding the Federal Home Loan Banks lending to crypto firms, the advances are backed by (in the Silvergate case) first liens on multifamily properties, so complaining about the Feds being asleep is not accurate. If Silvergate were to fail, no taxpayer money would be lost because the FHLBs are self-funded in addition to being over-collateralized. Recommend learning about how things operate before being snide.
Contrarian has raised some important points about unintended consequences of urban policies and reported on key metrics. However, I could do without the gratuitous anti-woke insults.
Contrarian toes the Rental Housing Association's party line against rent control, forgetting the overwhelming support by actual voters to retain it in Boston, Cambridge, and Brookline in 1994. The whirlwind of development that followed in Allston and Brighton, engineered by Harvard with the support of the Boston Redevelopment Agency, now renamed, scraped affordable rentals off the map. Yes, that was in my backyard and we said no. Many unaffordable units were created. That sort of a economic engine was driven by big developers et al. And a lot of high-end housing was created for what purpose? Not for affordability.
Regarding the Federal Home Loan Banks lending to crypto firms, the advances are backed by (in the Silvergate case) first liens on multifamily properties, so complaining about the Feds being asleep is not accurate. If Silvergate were to fail, no taxpayer money would be lost because the FHLBs are self-funded in addition to being over-collateralized. Recommend learning about how things operate before being snide.