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by ramesh31
1105 days ago
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Low income housing is a failed idea. Make rent affordable by building market rate units until supply outstrips demand. Or raise Section 8 to track the market rate. But creating a lottery system for a few lucky people to win a temporary government housing subsidy is not a solution to anything. |
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I agree with you that the main problem is supply and demand. We need more homes to keep prices affordable and the only way to do that in the bay is more density.
I don't think it has to be an either or situation. We should subsidize low-income housing so ppl with lower incomes have somewhere to live right now, and also build more market rate units so everyone has a place to live at an affordable rate long term.