3 ms·
I agree we need to build more cheap housing. But one could also ask: why don't we already build more cheap housing? Probably the answer is that nobody's able to
by geysersam 3y ago
I agree we need to build more cheap housing. But one could also ask: why don't we already build more cheap housing? Probably the answer is that nobody's able to pay for it. Making people able to afford cheap housing creates a market for cheap housing makes builders build cheap housing.
But sure, cut out the middle man and let the public sector build good cheap housing.
- jackvalentine 3y agoI don’t know what it looks like overseas, but in Australia a solid 20% of housing stock was built by governments right up until the 1980s when ‘the market’ was tasked with providing housing and governments withdrew. We don’t build more cheap social housing entirely as a policy choice.
- mcv 3y agoExpensive housing is more profitable than cheap housing. Cheap houses tend to get bought by real estate speculators looking to drive up the price of housing. I suspect that much of the housing scarcity is artificial.