4 ms·
We spend a lot of money subsidizing expensive housing in coastal cities? How do I get in on these subsidies?
by starkfist 17y ago
We spend a lot of money subsidizing expensive housing in coastal cities? How do I get in on these subsidies?
- natrius 17y agohttp://en.wikipedia.org/wiki/Section_8_(housing) http://en.wikipedia.org/wiki/Section_8_(housing) EDIT: Since I'm getting downmodded, maybe I wasn't clear. We spend a lot of money subsidizing housing for people with low incomes in coastal cities. It would cost less money to provide similar housing in other cities, and since some of those cities have better job markets, they might not need those subsidies at all. Since they currently get subsidies, there is little incentive to move. Subsidizing moving to areas with better economies as well as subsidizing housing would be a better approach.
- defen 17y agoI don't know if it counts exactly as a subsidy, but in some big cities, growth is artificially constrained by "Urban Growth Boundaries". These ordinances reduce the amount of available land for building, and hence inflate real estate prices above what they "should" be by artificially reducing supply. Check out Portland for an example of this. Note that I'm not necessarily arguing against UGB's - I don't think anyone has developed an alternative besides endless suburban sprawl, or naturally restricted land area, as in San Francisco or Manhattan.