3 ms·
> And truly affordable housing can only be created by mandating that units sell below market value. That will only happen if the state guarantees to pay those
by mlindner 5y ago
> And truly affordable housing can only be created by mandating that units sell below market value.
That will only happen if the state guarantees to pay those "greedy developers" that they've been lambasting all over the media a bunch of money to build those units. A developer will simply refuse to build any housing at all if they're forced to sell the units at below rate when they can instead make more money building housing in some other market.
> These oversimplified narratives on HN are so tiring.
I agree and you're making another one of them.