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I believe most EU countries do this in some form, but Austria by far has the largest and most successful public housing scheme. It is very effective at controll
by dougmwne 4y ago
I believe most EU countries do this in some form, but Austria by far has the largest and most successful public housing scheme. It is very effective at controlling prices.
- cinntaile 4y agoHow so? It makes it cheap for the people inside the system but expensive for those that are outside of it. You don't solve a housing crisis by essentially subsidizing the cost.
- dougmwne 4y agoNo, the Austrian government builds a large amount of housing, which increases the overall supply of housing. People living in social housing do get lower rent prices, but having a massive builder in the market that keeps pumping out new inventory helps to make it a buyer’s market and keep prices low. Simple supply and demand.