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Mexico Goes All In on Housing: 1 Million New Homes, Zero-Interest Mortgages (www.newsweek.com)

submitted 3 days ago by Deceptichum@quokk.au to c/world@quokk.au

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Mexican President Claudia Sheinbaum has launched a comprehensive housing initiative to address the country's housing deficit by building a million homes and offering zero-interest mortgages.

The program, aimed at supporting vulnerable groups, focuses on female-led households, young people, Indigenous communities and senior citizens. The announcement is a fulfillment of Sheinbaum's campaign promise to create affordable housing and promote equitable urban development.

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[–] kemsat@lemmy.world 1 points 2 days ago

The car example is kinda bad since dealers always markup the cars.

Anyway, it would still help to have a million more homes enter the market. The price is also partly determined by the availability of the product, so adding more supply should lower prices.