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I agree completely. Legalize it all and see what works out. Still though, the loans are more expensive right now, and that is a Fed thing. Perhaps they affect t
by davidw 3y ago
I agree completely. Legalize it all and see what works out. Still though, the loans are more expensive right now, and that is a Fed thing. Perhaps they affect that kind of housing you're describing a bit less in some cases, but it's still a problem there for some developers.
- deleted 3y ago[deleted]
- AnthonyMouse 3y agoIt's partially a Fed thing. Higher interest rates in general lead to higher interest rates for construction loans. But if you're trying to spur housing construction without causing general inflation, maybe offer lower interest loans only for housing construction?
- davidw 3y agoI'm not sure how you get that without getting the government involved in providing those lower rates. I'm not opposed to that, but it makes everything a bit trickier...
- AnthonyMouse 3y agoOffer a tax credit for a percentage of interest paid on construction loans. Then you still get them from a bank but pay less interest.