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Comment by wahern

> willing to have affordable housing built in your neighborhood.

The problem here is that you can't really build "affordable housing" any more than you can build "affordable cars". At least, not in the way "affordable" is used by progressives.

You don't build affordable cars, you just build cars, which end up becoming "affordable" in the used car market. Ditto for housing.

There have been attempts at building affordable housing at large scale. We've spent the past 30 years tearing down those "projects". Similarly, plenty of countries have tried to build affordable cars, but they're only sustainable by limiting imports as market-rate cars end up being preferable, both new and used.

How about we just let real estate developers build housing. Full stop. We can use policy and public funding to fill in the cracks, but "building affordable housing" doesn't actually make any sense at scale. Not unless you do something like Singapore, which sells their affordable housing, permitting individual purchasers to leverage private market financing. You get significantly more bang for your buck that way as private finance markets have much more money than is available from the government.

Advocating for "affordable housing" is really just an excuse to oppose housing as you can always claim that a project isn't sufficiently "affordable". This is basically how most residential projects end up getting stonewalled.

parent wahern 5 years ago

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