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> If you remove real estate as a form of investment, no new apartment buildings will be built. this isn't true. vienna's social housing program is a good examp
by greenie_beans 3y ago
> If you remove real estate as a form of investment, no new apartment buildings will be built.
this isn't true. vienna's social housing program is a good example of how this works. and they have cheap median rent in 2023 compared to other cities their size.
- konschubert 3y agoI don't think the state capacity of the US Government is sufficient to build state-funded social housing to the extend that meets demand. And this is putting it mildly. I also think that the kind of housing that results from Communism isn't very desirable. Regarding Vienna: They still allow private investment into real estate.
- greenie_beans 3y agovienna did it at the local level, not the national level. so that's one way you're wrong. and did i ever say anything against private investment into real estate? no. this black and white thinking is part of the problem. > I also think that the kind of housing that results from Communism isn't very desirable. what is undesirable about cheap housing with good urban planning on a decentralized, local level like they did in vienna?
- konschubert 3y agoGP wrote > Until we remove real estate as a form of investment That’s what I was responding to. I see now that this isn’t your opinion.
- greenie_beans 3y agoyou're right, i see how my response could be interpreted as "remove all real estate as an investment". sorry to respond in a knee jerk!