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>Personally I like the system that Singapore has where most property is owned by the government and then leased to private entities >But in terms of what is re
by crdoconnor 9y ago
>Personally I like the system that Singapore has where most property is owned by the government and then leased to private entities
>But in terms of what is realizable, it seems more likely that we could relax zoning than have NYC all of a sudden find the money to build lots of housing and successfully execute on that project and not make it a hideous brutalist disaster where people don't want to live in and continue to maintain that property well. Maybe you are more of an optimist about government than I am, but IME everything where the government actually has to do something, it's done poorly.
In Singapore most property is built by the government and it's of a high quality. It can be done well, it simply requires a political imperative.
The private sector reacts to this by building higher quality housing because the government sets a floor on quality. Maybe you are more of an optimist about the private sector than I am but I've lived in shitty private apartments in Europe and decent government housing in Singapore. If the private sector doesn't have discipline imposed upon it, you get slumlords.
Anyway, plenty of the government housing projects in NYC are nice.