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What a benevolent lord!
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this post was submitted on 19 Mar 2024
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Yes, same here - they are needed in times of turmoil and crisis ... in this case the "crisis" being landlords hiking rents.
So in recent years municipalities (and some EU countries) are investing increasingly more into such non-profit projects. It works, rents are low, communities live. Even if buying land and developing got costlier.
Even if this would cost taxpayers money (ie operating with financial loss), I gladly pay it, it benefits us all.