Hacker News new | ask | show | jobs
by em-bee 4 days ago
actually a lot is privately owned, but by law 2/3rd of every rental property must be offered as subsidized by the city. so in practice you own the building, but the city decides who gets to rent 2/3rds of it since the subsidized units are only given to people who have a low enough income.
1 comments

Interesting, thanks for the clarification.