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Countless municipal governments are trying to mandate a certain of units or percent of units be affordable.

• HideousKojima 4y ago
  Sure, but that's just variations on rent control, or tax incentives to builders to increase density, or whatever else they're using to try to increase the stock of housing. I still don't see how that suggests that the affordability is somehow intrinsic?
  • klipt 4y ago
    "Affordable" is often used as marketing speak for "subsidized". In effect, the city is forcing the property owner to select some random poor people and give them monthly "cash" to help pay their rent. Except that "cash" can only be used for one particular unit, which locks them in, so it's economically much less efficient than real cash. It's basically just an inefficient tax on property owners that gets redistributed to a handful of lucky people.