Submitted by No-Ganache7168 t3_127532i in vermont
HeadPen5724 t1_jeehz5i wrote
Reply to comment by ChocolateDiligent in Proof that capitalism won’t solve the affordable housing crisis. by No-Ganache7168
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
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
People aren’t going to build houses just to lose money???
ChocolateDiligent t1_jefskwc wrote
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.
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