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Namgodtoh t1_issbgqb wrote

Such a high risk though, that I doubt many would be quick to take. Construction is slow, and costs have been very unpredictable since COVID. Couple that with interest rates rising and what we're left looking for is some benevolent millionaires to build quality affordable housing?

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Codspear t1_issygz2 wrote

They don’t need to build affordable housing, just more housing of any kind. New mid-range condos would probably be in the $$300k - 400k range within 128 if we didn’t add so many ridiculous costs to every development and built enough of them. The affordable housing is what all these new units will be in a few decades. Our current lack of affordable housing is due to the massive underdevelopment of new housing over the past few decades.

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ReferenceAny4836 t1_isu9xyh wrote

It would be fairly simple in a functioning country to setup a government program that provided price stability for long-term construction projects. Since housing is such a large proportion of inflation metrics, increasing housing supply would also help stabilize prices and eliminate the need for such a program in the long run. Alas we are living in a failed state.

I am constantly amazed by the lack of imagination in America for anything good ever happening again. It is such a subtle and profound aspect of American collapse. The country that put a man on the moon, can't figure out how to build some condos or a damn train. It's astounding. They made more progress on high speed rail 100 years ago with the Lackawanna Cutoff, than California has after 20 years and billions of dollars wasted. Learned helplessness while the banksters pick our pockets and laugh. This country cannot balkanize fast enough if you ask me. The nation of New England wouldn't be so pathetic without the shithole states dragging us down.

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