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Actually it doesn't legalize cheaper housing, as it won't change the supply/demand. The house prices will increase by the subsidy amount. All this subsidy does
by xiphias 10y ago
Actually it doesn't legalize cheaper housing, as it won't change the supply/demand. The house prices will increase by the subsidy amount. All this subsidy does is that it funnels more public (tax-payer) money to house owners.
- natrius 10y agoThese programs typically have a formula to set prices based on income. It's a lottery, not a direct subsidy like school loans.
- pgreenwood 10y agoI agree that monetary subsidies tend to simply get capitalized into higher prices, but if you read the article the proposal is to actually build 2,000 units.
- runholm 10y agoWhat? No. They are building housing and will rent it out below market price. No one is given a monthly check to spend on housing or anything like that.