Quote:
Originally Posted by Fire
I can imagine all the abuse that would take place. I would rather see all levels of governments encourage cheaper housing. The city should force the developers to build a certain percentage of their developments in the low cost housing category.
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The best way to lower the cost of housing is to increase the supply of housing. Forcing developers to build uneconomic housing in every development will raise housing costs for those not "on the list" by making less developments economic. Lower supply = higher price.
If gov't wants to supply extra affordable housing, it should buy it at the market price, not mandate its construction.