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Why U.S. renters are taking corporate landlords to court
(www.cnbc.com)
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this post was submitted on 05 Feb 2024
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A very easy solution is for the government to build public housing? Isn’t it rather obvious? It completely fix all things you talked about.
Buildings get built, rents are cheaper, and it doesn’t matter if the “returns” are lower than the stock market. The government doesn’t give a fuck about returns, they print the money.
Edit: and I also think it’s pretty fucking obvious why this easy simple and direct solution is not applied. Landowners and capitalists are in complete collusion. The classes are mixing in ways that they are indistinguishable now. And the government is completely controlled by capitalists. They will never cut their profits and means of control. They won’t allow it.
Public housing the US was historically federally funded and was for low income people. It was one of those liberal solutions that tries to solve something, but gets stuck in a system that is already racist, and then the whole thing is made worse by conservatives.
Social housing, where cities build housing themselves, can be a way out. Most cities don't have a lot of experience doing this, so it's going to have to start out with a few small projects. It can be mixed income instead of low income (which tended to support red lining).
Another possibility is for cities to use their leverage with developers to favor unionized shops. This may not be possible under existing state laws, however.
Definitely should be mixed income, and the planning for it is better handled more locally (neighbourhood/borough, city, town etc.). But it should be funded federally, cause cities can’t print money. All development they make has to be funded by taxes. The federal government doesn’t have to earn a dime, they can just print a couple hundred billion and distribute it to all the major population centers to develop public housing and infrastructure however they see best. That would work best imo