this post was submitted on 11 Aug 2026
1179 points (98.8% liked)

Work Reform

17460 readers
1612 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] TheOubliette@lemmy.ml 3 points 3 weeks ago

Real estate development tends to be done on loan. Before the decision to buildi a house is made, it is pitched to the lenders. The lenders also lended mortgages for other houses in the area and own a few, they want values to go up. The lenders approve the more expensive developments expected to increase real estate prices, not the lower income housing. The lenders can always choose a different developer to give the money to, the one that will pitch the higher perceived value development.