3 ms·
> The foundation of the program would be quite simple: public ownership of housing, acquired or built with government loans—though run by local for-profit or no
by patwolf 5y ago
> The foundation of the program would be quite simple: public ownership of housing, acquired or built with government loans—though run by local for-profit or nonprofit property managers—and rented at market price.
I'm not an economist, but "market price" in this context does not seem very sensible. If I have the choice of paying the same rent for traditional housing versus housing that I can build equity in, I would end up wanting the equity. So really that should be worth more and command a higher price.
If instead they're going to fix the price of public rents so that you're not paying a premium for it, then it's not really market price and will lead to a lot of the same issues that rent control does.