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Almost all of the funds will go towards increasing demand by helping people buy homes. It does little to increase supply. So this fund will actually make the ho
by rgbrenner 7y ago
Almost all of the funds will go towards increasing demand by helping people buy homes. It does little to increase supply. So this fund will actually make the housing situation worse overall since it'll increase the competition for the meager supply of housing that's available.
- comex 7y agoThat's not true. 1.3 billion out of the 2.5 billion is to increase supply: > $1 billion affordable housing investment fund: The $1 billion commitment to the state of California is a first-of-its-kind affordable housing fund that will provide the state and others with an open line of credit to develop and build additional new, very low- to moderate-income housing faster and at a lower cost. > $300 million Apple-owned land will be available for affordable housing: Apple intends to make available land it owns in San Jose worth approximately $300 million for the development of new affordable housing.
- paulddraper 7y agoIf I remember my supply/demand curves correctly, doesn't moving the demand curve increase the volume?
- jagannathtech 7y agoWhen the supply is artificially constrained it doesn't.