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> 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
by 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.