Traditional_Bank_311 t1_jed6hwu wrote on March 31, 2023 at 3:45 AM

Reply to comment by No-Ganache7168 in Proof that capitalism won’t solve the affordable housing crisis. by No-Ganache7168

Affordable housing is market rate housing, it’s just a low rate.

ChocolateDiligent t1_jee5yez wrote on March 31, 2023 at 11:11 AM

Yes it is, by the real question is why would it be lower if not profitable? Answer: Good regulation. Of course this logic assumes that you agree housing is a human right.

HeadPen5724 t1_jeehz5i wrote on March 31, 2023 at 1:02 PM

Current regulations are what dissuades people from building more affordable housing. When you need to put up 6 figures just to get to the permitting proc as with no guarantee of actually getting those permits that has to be added on to what you charge for the development. The state caused the problem, expecting them to fix it with more regulations is a bit silly IMO.

ChocolateDiligent t1_jeeq3bh wrote on March 31, 2023 at 2:04 PM

Simply saying it ‘Dissuades people’ doesn’t speak to the motivations of why people would build affordable housing do in the first place, which is profits. As long as there is a profit motive, housing will remain a privilege to those who can afford it and this it not a unique problem to our state and our regulations.

HeadPen5724 t1_jeermtc wrote on March 31, 2023 at 2:14 PM

People aren’t going to build houses just to lose money???

ChocolateDiligent t1_jefskwc wrote on March 31, 2023 at 6:16 PM

It’s not losing money if there is a subsidy and regulations for rent control. Maybe not as profitable and I am fine with that, we need to stop treating housing as an investment made to profit developers and investors. There are plenty of models for this type of public housing where standards of living are much higher than ours, and where housing is guaranteed as a human right.