3 ms·
It seems obvious that the solution is to make it like we have in Denmark: If you have a rent that is more than some multiplier for your income, you get a cash s
by tomjen3 8y ago
It seems obvious that the solution is to make it like we have in Denmark: If you have a rent that is more than some multiplier for your income, you get a cash subsidy. It goes up drastically if you have kids, and it only covers up to a certain amount of square feet (so you can't get money for a giant apartment).
In other words, a stepwise/linear function that means it is always worth making more money.
Since something like this is so obvious, what am I missing in this solution?
- usaar333 8y agoWe have a similar thing in the US (section 8). The program is intended for low income people. The affordable housing programs I'm mentioning aim to help people at roughly the median income afford expensive areas to ensure income diversity. Cash based methods can significantly hurt that goal as such people generally would be better off living in a cheaper area anyway. Or the program handles subsidies building by building which seems administratively complex.