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Affordable housing is the constellation of set aside programs, lotteries, income limits, etc in exchange for tax breaks, subsidized loans, bonus square footage,
by bradleyjg 3y ago
Affordable housing is the constellation of set aside programs, lotteries, income limits, etc in exchange for tax breaks, subsidized loans, bonus square footage, etc.
Housing that is affordable just means that there’s sufficient inventory that the market clearing rate is affordable.
- paulddraper 3y agoAh yes
- yowzadave 3y agoDon’t we have the problem where, because so many people view housing as an investment, the demand for housing exceeds the number of residents? I.e., there’s an incentive to maintain scarcity, so that people’s investments don’t lose value. How do you keep the new housing supply from being instantly bought up by investors rather than residents?
- dns_snek 3y agoPresumably through a combination of building enough housing to meet the demand in the long term and by strongly disincentivizing ownership of multiple housing properties and/or outright bans when it comes to corporations.
- bradleyjg 3y agoI don’t claim it’s an easy problem to solve but it’s the problem at hand. The biggest barrier is not market dynamics—-you could just build through the demand—-but the political pressure of all those current owners that demand a windfall and will be very unhappy if affordability is achieved.