The US, Canadian and British governments used to fund low-income housing at a federal level at a wholly different scale a generation ago, but then they wound down their programs or literally sold off public housing onto the private market. And then they altered their
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Replying to @kimmaicutler @pt
property taxation systems and zoning laws to make real estate a much more reliably higher returning asset class after the 1970s. And so it's the combination of the two... property as more of a speculative asset and lack of financial support for low-income housing together.
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Replying to @kimmaicutler @pt
these 95/6,000 odds are also a reflection of software technology too. There's now a single uniform online application for multiple properties at a single portal, which makes the odds look different than they would've been reported before.
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Replying to @pt @kimmaicutler
Yeah, I'm not really sure what you're arguing here.
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Replying to @pt @kimmaicutler
Oh wow. I'm pretty disappointed this is where you are on the issue. "Market rate" is not a solution for most people. And if your answer to that has something to do with where supply will be 20 years from now you are severely divorced from the lived experience of the problem.
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I agree with you @pt but also just gonna leave this @otisrtaylorjr story from last week right here right now. We gotta do both in a *very big, ambitious* way right now. Big subsidies via taxes & big building.https://www.sfchronicle.com/news/article/Homeless-man-in-Oakland-lives-in-a-box-while-12905553.php …
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