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Counterexample to your housing crisis claim: Vienna, Austria. 44% of the housing stock is in public ownership, two thirds of the population live in public hous
by malermeister 5y ago
Counterexample to your housing crisis claim: Vienna, Austria.
44% of the housing stock is in public ownership, two thirds of the population live in public housing. Rent is affordable and housing stock is of high quality.
Market forces would not have solved this, as there is very little profit to be made with low-cost housing - so the lack of housing was fixed by state intervention and Vienna has the highest quality of life in the world [1] as a result.
[1] https://www.independent.co.uk/travel/news-and-advice/vienna-best-city-live-quality-life-ranking-mercer-australia-europe-a8820396.html https://www.independent.co.uk/travel/news-and-advice/vienna-...
- sneak 5y ago> as there is very little profit to be made with low-cost housing I’m fairly certain that this is not correct.
- malermeister 5y agoHow do you explain the lack of low-cost housing in most US cities then?
- sneak 5y agoProhibitions on adding supply, mostly driven and incentivized and rewarded by existing landowners who directly profit from constrained supply and high prices.