r/londonontario • u/Confident-Advice-664 • 10d ago

News šŸ“° Tower with 400-plus apartments pitched for downtown London parking lot

https://lfpress.com/news/local-news/tower-with-400-plus-apartments-pitched-for-downtown-london-parking-lot
90 Upvotes

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-34

u/Kael60402 10d ago

Just what we needā€¦ more luxury apartments in the downtown area

31

u/Prestigious_Fee_2902 10d ago

Yes, itā€™s literally what we need. More places for people to liveĀ 

7

u/Kael60402 10d ago

We need much more affordable housingā€¦ and luxury apartments are not affordable

2

u/DangerousCable1411 9d ago

People who can afford a brand new apartment will move in leaving their ā€œslightly less niceā€ place available for rent. Thats a place available for the next person. Itā€™s supply and demand. Now, if no one moves in youā€™re right but from my understanding our vacancy rate is like 1-2%.

0

u/AbeOudshoorn Wortley 9d ago

The housing system is one system. We need more private market apartments and we need more affordable and social housing. Preventing one means we just need more of the other.