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That’s not what I’m saying at all. Buying a house requires signrifajt savings for a down payment, moving costs, and so on. Subsidized housing isn’t meant to h

That’s not what I’m saying at all. Buying a house requires signrifajt savings for a down payment, moving costs, and so on. Subsidized housing isn’t meant to help people build up savings and accumulate possibly six figure savings to buy a house. Subsidized housing is meant to prevent people who can’t afford rent from becoming homeless. If a subsidized housing program is structured in such a way that it’s a net financial win to be on it than to be self-sufficient (e.g. renting on your own) then it becomes a “trap” as you penalize anyone trying to escape it and you incentivize people near the threshold to stay below it. If someone wins the lottery or gets a new job with a huge signing bonus or gets a huge inheritance then by all means go buy a house right away and skip the renting step. However, we need to revoke their place in the subsidized housing program as soon as they can afford to be off of it. I think people in this thread are forgetting that subsidized housing is a very limited resource and therefore we need to focus it on the people who need it most. Leaving people in the program who are accumulating six-figure house down payments from the savings would suggest that they don’t actually need the program but are taking the place of someone else who does need the help.

Aeolun 4y ago
> I think people in this thread are forgetting that subsidized housing is a very limited resource and therefore we need to focus it on the people who need it most. I think it’s more that the supply of subsidized housing is so low that it’s literally only people in the worst kinds of situations that qualify. Obviously someone saving for a 100k down payment doesn’t need it, but there’s a whole sea of people in between that have no options now. Rent is too expensive, and subsidized housing is unavailable (only goes to the people that need it most). Ergo, I’m stuck in my parents’ house until I die, unless I want to pay extortionate rent for a shitty apartment. Meanwhile, the people that do get subsidized housing suddenly have both a nice house and a lot of ability to save. I can totally see how that breeds resentment. I’ve heard it said that the best way to get a house would be to have kids, divorce, and then become a single mother. Which doesn’t seem to be too far from the truth.

Aeolun 4y ago

> I think people in this thread are forgetting that subsidized housing is a very limited resource and therefore we need to focus it on the people who need it most. I think it’s more that the supply of subsidized housing is so low that it’s literally only people in the worst kinds of situations that qualify. Obviously someone saving for a 100k down payment doesn’t need it, but there’s a whole sea of people in between that have no options now. Rent is too expensive, and subsidized housing is unavailable (only goes to the people that need it most). Ergo, I’m stuck in my parents’ house until I die, unless I want to pay extortionate rent for a shitty apartment. Meanwhile, the people that do get subsidized housing suddenly have both a nice house and a lot of ability to save. I can totally see how that breeds resentment. I’ve heard it said that the best way to get a house would be to have kids, divorce, and then become a single mother. Which doesn’t seem to be too far from the truth.