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That part seems more like feelgoods than sound economics, but sometimes you need feelgoods to make something politically viable.
by lukas099 4y ago
That part seems more like feelgoods than sound economics, but sometimes you need feelgoods to make something politically viable.
- bryanlarsen 4y agoIt is sound economics. Housing is fungible -- poor people would gladly occupy luxury housing if the price is right, and rich people can and do pay luxury prices for dumps when the alternative is sleeping on the streets. Therefore the primary thing that matters is how many units are built. If there are N people and N-1 housing units, then if you build super cheap housing the poorest guy can move off the streets into it. But if you build a luxury unit, the richest guy moves out of his unit into the new one, which opens up rich guy's place for a not-quite-as-rich person, etc.
- lukas099 4y agoI meant that the 20% low income requirement is not sound economics. I agree with you.