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by lovich
2729 days ago
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That's still just a lottery based on who gets their application in first if it's not based on market pricing. If you command "affordable housing" be built and that's all that's available, then the people who would have paid for luxury housing will move into the "affordable housing" and drive up the price because that's all that's available. Additionally this will lower the efficiency of the market and makes less housing available as developers who would have built housing at X price drop out of the market when the price is mandated to be X-Y. I am all for getting people help to get housing, but everything societies have tried to do to fix housing shortages for lower income people has failed other than building more housing. It's all just trying to paper around the fact that at the end of the day there are more people who want to live in the cities than there are apartments/condos/houses. If you built like crazy and added 50% more housing in a year to a city, you'll find that suddenly a lot more housing is available |
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Also market efficiency is not the God that government need worship