Forget about letting outside developers come in and blanket your neighborhood with tons of extra apartments in the hope that some of them might trickle down to the lower- and middle-income schlubs who need to find a place to live that they can afford. That’s a fantasy world reserved for right-wing shills and Ayn Rand fans.
Unless the dream life you have for your kids involves setting them up in two-bedroom apartments with five constantly shifting roommates — and then having to be their official financial guarantor every time they need to move out and find a new place — there are only two things that will help to create more affordable housing for the kind of future you might want to see them living in: strong rent control protections and mandatory set-asides on new apartment units as proscribed by local law.
Just allowing developers to build more apartment buildings won’t do it. But forcing landlords and developers to devote a certain percentage of their new units to a lower rent schedule, and then imposing all of the rest of them to stringent rent stabilization, will.
Now you might be one of those lucky local families who have mom and dad or grandma planning to leave a convenient bequest to the deserving young ones, which for the last 30 years or so is how most Burbankers have been able to afford their own homes.
Few of them did it on their own, which is probably No.1 on the list of Burbank’s many unspoken little secrets. In that case of course, fuck helping anyone else. Right?
Because it might be unfair to … someone.