Owen Hatherley on Slow Burn City by Rowan Moore
May 30th, 2016
“Both mayors elected so far, and the two major candidates this time, have offered the same solution, differing only in degree—a relentless offsetting, whereby the proceeds of runaway property speculation are proposed to be redistributed, usually by a legal requirement that developers build a percentage of “affordable” housing on or off the site, or pay for a bus stop, or fund some nice pavements and benches.”
“All of this relies on trying to inveigle the private sector into behaving more nicely. In a city where for nearly a century public bodies once directly built and directly owned thousands of high-quality homes and let them to people on low incomes at low rent, this is a staggering failure of imagination.” – Owen Hatherley writing in Prospect Magazine.