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> What would it take for you to start building homes? It’s an enormous risk, requires tons of upfront capital, specialized labor and supplies. There's also no
by richbell 5y ago
> What would it take for you to start building homes? It’s an enormous risk, requires tons of upfront capital, specialized labor and supplies.
There's also no incentive to build affordable or well-constructed homes. Many builders will try to maximize profit by investing the bare minimum (i.e., cutting corners) and creating the largest number of dwellings possible. Mattamy Homes is infamous for developing large neighborhoods with pretty homes that practically fall apart in a matter of months if you look at them wrong.
- rank0 5y ago> There's also no incentive to build affordable or well-constructed homes. This is sort of my point. Who's going to build the "affordable housing"? Why won't the affordable housing get snatched up by the highest bidder? The federal government already spends way more than it can afford. State/local governments don't have anywhere near enough tax revenue. It would require a multi-trillion dollar operation to increase supply enough to offset shortages.