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Frederick_Foz t1_j9qds86 wrote

I don’t understand why people are upset at this? It’s a step to affordable housing. I’ve seen so many people complain about the lack of multi family homes but when something like this happens they also complain. Like what?

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danmac1152 t1_j9r5zc9 wrote

This isn’t my outlook at all but people are probably mad because it’s in Manchester. Seems to be an idea in this state that people who live in cities like Manchester, Nashua or Portsmouth are scum and building affordable housing will attract more scum. These same people would also most likely laud an affordable housing plan in a smaller or rural town.

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mamercus-sargeras t1_j9re85w wrote

The reason why Manchester is bad is because of the sprawl (among other things). Multi-story apartment buildings are what it needs, and more of them.

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Curious_Buffalo_1206 t1_j9rpkb8 wrote

NIMBYs gonna NIMBY. I’m pretty sure it’s not the same people. You have one group that wants more dense housing. There’s another group who wants everyone under 40 who isn’t an engineer to live in a tent, own nothing, and be happy. No hypocrisy. Just two groups who will never see eye to eye until the day they die.

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[deleted] t1_j9t2gxd wrote

I’m anti tax break. Pay your fair share.

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heyhelloyuyu t1_j9pohfx wrote

Glad at least it’s of decent size and density! Should hopefully help price correct and pull some high earners out of other more affordable apts….

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Quirky_Butterfly_946 t1_j9prmyr wrote

I don't know who started with this joke of a premise. You would have to build 10K apts to even see the slightest movement in prices. Not to mention apt living, especially in these large buildings is horrendous

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heyhelloyuyu t1_j9psvpy wrote

…

10k apartments need to start somewhere 🤷‍♀️ Can’t complain that there are no apartments, and then go on to complain that the one being built is somehow both not enough apartments but also is too big….

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-cochise t1_j9qpp9m wrote

77 apartments right in the heart of downtown is good. The 90 across from Market Basket are good. The 250 going up on the other corner will be good. Vacancy is like sub 1%, dude, of course new units will be pricey, but it’s a lot better than building nothing.

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thrunabulax t1_j9qthl5 wrote

face it, downtown machester could use a little shot of revitalization

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gweased_pig t1_j9syylm wrote

Stop bitching, developer gets 3 years of tax breaks, and the City gets massively higher taxes in perpetuity after that. Smart investment.

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libertymenu t1_j9tjc96 wrote

Development has its own reward (profit). The city gets NOTHING additional by this deal. The people however, have to suffer a manipulated market. Distortions that make further development unhinged from the needs in the market. Economics 101.

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gweased_pig t1_jabf9g9 wrote

Pull yer head out. The city gets tax revenue on $700k value as it sits. Pass on that for 3 years to tax $30mil forever? I wish I could get that deal.

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Curious_Buffalo_1206 t1_j9rpq5v wrote

My only complaint here is that they didn’t make it one story taller. No matter how tall it is, they should add one more story.

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casinobolton t1_j9pkwd1 wrote

Just what we need - more unaffordable housing 👏

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futureygoodness t1_j9q4sbr wrote

We need more housing in general. Even premium units keep higher income folks from competing for other inventory.

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Weekly-Obligation798 t1_j9pn6ko wrote

And more tax breaks for the ones keeping it unaffordable

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Lords_of_Lands t1_j9tng6d wrote

To be fair, if they didn't get those tax breaks then they could write off those taxes on their federal taxes. They're business expensives.

The point being they were always going to get some type of break that you aren't getting.

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Fenwick19 t1_j9s3kjx wrote

Too many apartment projects to count now in and around downtown Manchester, going to look like a much different place about 5 years from now

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ArbitraryOrder t1_j9t24br wrote

OH MY GOD, JUST DO A LAND VALUE TAX, AND WE COULD STOOP WITH THIS NONSENSE ABOUT WHICH PEOPLE DESERVE PROPERTU TAX BREAKS

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tghost474 t1_j9rgbfg wrote

I yeah and? big businesses and developments get a lot of tax breaks. The government will just recover it through other means if that’s what you’re concerned about.

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BlackJesus420 OP t1_j9rk1m3 wrote

I’m not concerned at all! I didn’t write up the headline, you can blame the UL for that one. I’m happy to see dense development and housing going in downtown Manch.

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libertymenu t1_j9tj1u5 wrote

Anyone that things this will result in "affordable housing" should read more about economics. There is zero long-term data that corroborates this theory. There is a TON of data that says this is rich people using their connections and power to keep more money in their pocket, increase the value of their property, and stifle competition.

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libertymenu t1_j9tjoyo wrote

Development is great. Government manipulating the market actually stifles further development. Now instead of just looking at market demand, the developers will be shopping each city for sweetheart deals. End zoning, end government involvement with the market, and watch us flourish.

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Lords_of_Lands t1_j9tnr0z wrote

The building will have upward pointing lights? Can we at least pretend to care about light pollution?

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Rusty-Pipe-Wrench t1_j9ugstp wrote

sweet so the landlords that are ass fucking us are getting a break. its always out of state developers too.

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