Cowtown Bubble: Celebrate Downtown Kansas City Real Estate Speculation

Here's the corporate vision for this town's future . . . Living space that prices out most of the residents of this town. Pretty sure this is the plot for the Hunger Games: Movin' on Up: KC rent prices on the rise

Comments

  1. When do the rent rates and subsidy levels intersect so that the electeds can finally stop subsidizing anyone with a pulse and claiming great economic success?
    And now on to the taxpayer-funded downtown hotel!

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  2. "With so much demand, the developers of One Light plan to build three more towers downtown over the next few years." Would that mean that KCMO taxpayers will not have to continue subsidizing the overbuilding of apartments in Downtown.

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  3. Remember the Downtown condo boom of a few years ago? After they were build they couldn't give them away. They had to turn them into apartments to get rid of them. I guess this time the developers are planning on turning all those empty apartments into condos.

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  4. Price the working class out of the market and the rich will cum

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  5. i rent a house and the landlord just raised the rent 35 percent, of course I havent had a raise in years, in fact I make just about half of what I made ten years ago. We don't have any viable options at this point and I was up all night seriously contemplating just giving up.

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  6. 4:59: What have you been smoking? No one builds downtown (or anywhere else, if they can swing it) without a subsidy. It's just not the way things are done here.

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  7. Da three a.m. munchies, da chicks, da beer, da gym, da bro's, is all right there man

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  8. If the demand is so huge, then their should be less need for bonds and TIF to finance the development.

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  9. Nick Benjamin must be pleased we taxpayers are carrying 75% of the losses.

    Entitled little prick.

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  10. And Benjamin lives where? Leawood or out of state? Why doesn't he pay any KCMO property taxes like the rest of us?

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  11. Cut off taxpayer support and subsidies for downtown so we can all see this fabulous mecca pay for itself.

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  12. According to Zillow my humble $125,000 home also jumps to $295,000 in value and then back south to $105,000 every week or so. Sometimes every other day during the prime season for real estate sales.

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  13. Any moron who takes Zillow serious deserves every low down rotten kick they get.

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  14. Yet none of the Tonys Johnson County crowd seems to mind to exorbitant, nationally-known subsidies for JoCo "development" in the supposedly "most desirable" county in the metro.

    One wonders, why would a brand new suburb developed on vacant, flat, cheap farm land need unheard of levels of subsides for not only residential, but also for 90% of business that "relocate" there? And why would they only be able to attract businesses from within their own metro, adding nothing to the regional job market, and also not moving new taxpayers into the region?

    And why can't the rest of Kansas (the part that isn't right next to a city with culture, entertainment and amenities)attract ANY businesses, resident or tax base, or even keep the residents it has?

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  15. Kansas mostly produces food products moron. You know the stuff you stuff your face with? The stuff you use in your artisan kale infused bread and artisan burgers?

    Get a brain moron

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  16. As people move into the apartments it will require the City to offer additional services; fire, police, roads (to their jobs in JoCo), schools, etc. Obviously existing residents should not be expected to pay these additional expenses. The City needs to insure that the developers not only pay their share of real estate taxes, but in addition there should be a special assessment on all new apartment projects in the Downtown area.

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  17. Sounds like a bunch of ungrateful subRUBEans around here.

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  18. 7:43 consumes only organic products delivered by streetcar.

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