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> We either have the right to affordable housing, or we are beholden to the market and its participants. When the free market can’t provide a market based solut
by walkhour 5y ago
> We either have the right to affordable housing, or we are beholden to the market and its participants. When the free market can’t provide a market based solution, are we to just throw up our hands and say, at least we tried?
What free market do you have in mind? Housing supply shortages aren't the result of a free market, they are the result of a very regulated market or simply the prohibition to build more houses.
> What do people in the industry think the future of affordable housing looks like?
Construction needs to keep pace with population growth and demand, which it hasn't for a long time [0].
We could expropriate those 30000+ units and sure it would feel like justice is being done but this will only be a temporary patch if demand keeps outpacing supply.
And sure the government can build more units but can the government by itself make up for those 5 million needed units [1]?
Note once we expropriate those 30000 units we'll only be 4.97 millions units short.
[0] https://usafacts.org/articles/population-growth-has-outpaced-home-construction-for-20-years/ https://usafacts.org/articles/population-growth-has-outpaced...
[1] https://www.cnbc.com/2021/09/14/america-is-short-more-than-5-million-homes-study-says.html https://www.cnbc.com/2021/09/14/america-is-short-more-than-5...