Post #3964533

Another thing from the video: Building 100 market-rate homes frees up 70 less expensive units - including 40 affordable units - because wealthy people move from older to newer units. In other words, you could subsidize 40 below-market rate units built at a loss (construction costs are high in expensive areas), or you could allow a private developer to build 100 luxury units at a profit and get 40 affordable units basically for free, allowing you to spend the money on public housing instead.