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by ramesh31 1105 days ago
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.
2 comments

I agree it is def not the only thing to do to tackle the housing problem, but I think it can be a good tool to help get these projects passed. NIMBYism in the bay is so rampant that neighbors pretty much oppose all high density housing developments.

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.

I have a theory that including any number of affordable units discourages development to some extent, so on net, it's counter-productive.
I've heard this before too and it is a concern. I'd like to see some study or some kind of evidence for or against it though.