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Some public sectors have success with this (e.g. Singapore, Vienna) I think the main issue I have with it as a proposal is that the fiscal resources required t
by bobthepanda 4y ago
Some public sectors have success with this (e.g. Singapore, Vienna)
I think the main issue I have with it as a proposal is that the fiscal resources required to sustain such a program only exist at the federal level, and it's not ethical to embark on such an endeavor if there is no solid 60-vote bloc in the Senate and poor people are at risk of getting the rug from pulled out from under them. (See how our current housing authorities are doing to know how that plays out.)
- landemva 4y ago> fiscal resources required to sustain such a program only exist at the federal level Some USA resort towns and counties do it. They are flush with vacationer tax dollars and short labor, so local gov't builds housing mainly for workers. The feds don't have the funds to do this, though the feds can borrow from the future apparently indefinitely.
- bobthepanda 4y agoMost states and localities cannot borrow anywhere near as much before testing the markets. (For a non-state example of how horribly that can turn out, look at Puerto Rico.)
- landemva 4y agoPuerto Rico is mis-managed in budget, revenue, and planning. Also, not a USA State. Some USA ski towns have tens of millions banked and are using that to build. Am interested in learning why you think USA feds can do these local housing projects. Feds run massive fiscal deficits.