4 ms·
"Affordable housing" is one of the most expensive, bureaucratic forms of construction, not a way to build faster.
by digisign 5y ago
"Affordable housing" is one of the most expensive, bureaucratic forms of construction, not a way to build faster.
- seoaeu 5y agoFaster than what? It takes a handful of years for a non-profit or government housing agency to build new affordable housing. At the current pace of market rate construction, it’ll take many many decades before newly built “luxury” housing filters down enough for low income households to afford it. Even if there was a massive YIMBY housing boom we’re still probably looking at 10-20 years before market rents fall enough to be affordable to low income folks
- digisign 4y agoIgnoring the problem is not a solution, as we've seen. Nor are bureaucratic bandaids over a mortal wound. Yes, we need to increase the rate of construction 10x and things will get better after a decade or so.