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> You won't convince someone to build a new apartment building if they can't make money. Demonstrably false. The city of Venna Austria builds housing for peopl
by TaylorAlexander 4y ago
> You won't convince someone to build a new apartment building if they can't make money.
Demonstrably false. The city of Venna Austria builds housing for people because people need housing, not because it expects to make money. This kind of thinking demonstrates a depressingly narrow view of human possibilities.
https://www.huduser.gov/portal/pdredge/pdr_edge_featd_article_011314.html https://www.huduser.gov/portal/pdredge/pdr_edge_featd_articl...
- Plasmoid 4y ago> about 5,000 annually That's not a lot of housing production for a city of 2 million.
- rsynnott 4y agoThat's quite an old article; it'd appear to be more like 9000/year as of 2016, of a a total of 13,000.
- TaylorAlexander 4y agoFrom the article: “Vienna’s city government owns and manages 220,000 housing units, which represent about 25 percent of the city’s housing stock.1 These city-owned housing units, called social housing, are meant primarily for lower-income residents. The city also indirectly controls 200,000 units that are built and owned by limited-profit private developers but developed through a city-regulated process.” So according to this data the government controls about 50% of the housing in the city. Seems pretty good to me! As someone else said the article and data are a bit old, but it sounds like they’ve been keeping up with demand if they had 50% when this article was written. (They’ve been doing this for 100 years)