The problem is construction. America needs millions of new homes to meet demand. And this bill doesn’t stop venture capital from building new homes; it just mandates that they sell those homes within seven years.
So, yes, they’ll be building barely-affordable shit boxes, but those shit boxes will be designed to last exactly eight years.
Yep, and having seen all the ways for profit market based entities have screwed people over my entire life I think the only real answer to this problem of construction is a massive public works project. Housing healthcare education and public safety are all too important to be left up to markets.
The problem is construction. America needs millions of new homes to meet demand. And this bill doesn’t stop venture capital from building new homes; it just mandates that they sell those homes within seven years.
So, yes, they’ll be building barely-affordable shit boxes, but those shit boxes will be designed to last exactly eight years.
Edit: correcting autocorrect-induced typos
Yep, and having seen all the ways for profit market based entities have screwed people over my entire life I think the only real answer to this problem of construction is a massive public works project. Housing healthcare education and public safety are all too important to be left up to markets.