> 2. They're being sold at cost.
There's no reason the government can't do this either, except (and I'll speak for my city) they don't want to do any of the hard work to actually make this happen. We need better leaders.
There's no reason the government can't do this either, except (and I'll speak for my city) they don't want to do any of the hard work to actually make this happen. We need better leaders.
But the reason the government won't build is the same reason they don't let individuals build. They are beholden to the voting land-owning class who doesn't want to see the value of their properties go down by adding new supply.
[1] https://en.wikipedia.org/wiki/Housing_and_Development_Board
> Haila argues that “Singapore has solved the housing problem” but this certainly isn’t true for those shut out from the HDB system.
So it works for the people included, and not for the people excluded. Which is another way of saying it works?
A successful government intervention would look to me like ~0% homelessness but >90% living in privately produced housing.