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There's a way to get yourself out of that gridlock: just subsidize housing. The builder gets money from both the buyer and the government, so he will be happy.
by nextaccountic 5d ago
There's a way to get yourself out of that gridlock: just subsidize housing. The builder gets money from both the buyer and the government, so he will be happy. The buyer will have low income and wouldn't be able to buy a house otherwise, so he will be happy too. And the government will actually have fulfilled its role for a change.
- aurareturn 5d agoSubsidizing housing... money will have to come from somewhere - usually the middle class. I shouldn't have to subsidize my neighbor's rental just because they chose to live in my city.
- snapplebobapple 5d agoThe other, better way is to lower government cost of building by having loose zoning and approving everything that fits the zon*ng fast with minimal expense. The non government cost side you should not be broadly subsidizing (you should be fixing market abuses that drive prices up lile making it disadvantageous to sit on unproductive land but thats a complex side topic)
- iamnothere 5d agoGeorgist-style LVT would also solve the problem, fairly quickly. Many owners would rush to sell to developers or build additional units where space allows.