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> Why exactly is being rich and pro-affordable-housing hypocrisy? Because some would claim they are the reason there is an affordable housing problem... I'm no
by nodesocket 9y ago
> Why exactly is being rich and pro-affordable-housing hypocrisy?
Because some would claim they are the reason there is an affordable housing problem... I'm not one of these people though. Again, I believe markets set prices.
- azernik 9y ago"I'm not one of those people" - yet you still call hypocrisy? The organizations in the article, backed by wealthy supporters of affordable housing, do believe that the market sets rents; the policies that they advocate are a) allow low-income people to get housing outside of the market, and b) to change market rules to encourage higher supply and lower market prices.
- chillacy 9y agoMarkets set prices within their power, but housing is far from a free market. Bay area prices are largely a result of regulatory capture.