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by pixelatedindex
1460 days ago
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The problem is the ones wanting to increase the housing supply are for-profit investors, and affordable housing shouldn’t be about profit. That’s my takeaway of this deadlock. Perhaps the government should directly build housing, or subsidize the cost and have it be owned and operated by the city. |
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Every city I've seen try this ran into substantial cost over runs and ended up with 12 1 br condos to rent to poor people at the cost of 6 million dollars.
Why shouldn't it be about profit, we use a profit motive for the manufacturing of everything else in our economy, why is housing the exception?