I’ve always been a bit confused by “low-income housing’. Is the plan to make the housing cheap via price capping? Won’t that have the usual economic issues and cause demand to continue to outstrip supply forever and ever? Is the plan to make the houses ugly as fuck so that they will cost less than the pretty houses nearby? That won’t really work; people will rent a closet for $1000/mo in SF sometimes.
I’ve always been a bit confused by “low-income housing’. Is the plan to make the housing cheap via price capping? Won’t that have the usual economic issues and cause demand to continue to outstrip supply forever and ever? Is the plan to make the houses ugly as fuck so that they will cost less than the pretty houses nearby? That won’t really work; people will rent a closet for $1000/mo in SF sometimes.
It could be owned by the government and rented out for cheap, but only if the renter uses it as primary residence. Or it could be means-tested.