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by enterx 2435 days ago
"A 33-year-old woman from Alabama, who now lives in a tent in an industrial area outside downtown"

migration issue, rule of law failure and a healthcare problem.

since there is no expansion of the middle class layer to pay more taxes for the extra cost of new social housing IMHO this is going to progress.

1 comments

At an even 90% income tax rate there's not enough money in the city to build new housing for the homeless and financially insecure. It's insane to think this is even possible. (Not that I assume you do.) It's like saying we should buy new cars for the carless, rural population rather than subsidize used car purchases.

But there would be no cheap, used cars to buy if we severely limited the manufacture of new cars. Yet somehow people still believe that building new, market rate[1] housing is not a prerequisite to improving the housing situation in the city. To be sure, it's not sufficient; but it's absolutely necessary.

[1] Thus leveraging the hundreds of trillions of global capital.