this post was submitted on 03 Oct 2023
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Good. Housing should never been an investment. HUD or The New Communist HUD that we are writing into the Constitution will own all non-private primary housing stock and will ensure that at least 10% more capacity then is needed exists in every metro area.
That's not what was originally written though. Also, 10% more capacity than is needed sounds very wasteful.
It's not because we have yearly growth, and housing needs elasticity for people to move in and move out over the years. Plus it's no where near as wasteful when you consider the AirBNBs that plague metro areas that are vacant greater then 50% of the time. Of course those will also be reclaimed by the New Communist HUD as well.