According to a recent study from Zillow, the typical "starter home" is worth at least $1 million in 237 cities, the highest number of cities ever. Plus, almost half of those cities are in California.
Whatever happened to public housing? City governments should start getting into the development business and light a fire under these greedy mfs with $200,000 starter condos.
Yes. Unfortunately city gov’t always reasons that the public money will be better spent if developers front the cost of building, but the developers aren’t building the kind of housing that houses the populations that need it (and in the Bay Area many of these luxury towers have very low occupancy). I wish my tax money would go directly to building affordable and dignified housing that would be managed by a public trust or similar.
Whatever happened to public housing? City governments should start getting into the development business and light a fire under these greedy mfs with $200,000 starter condos.
Yes. Unfortunately city gov’t always reasons that the public money will be better spent if developers front the cost of building, but the developers aren’t building the kind of housing that houses the populations that need it (and in the Bay Area many of these luxury towers have very low occupancy). I wish my tax money would go directly to building affordable and dignified housing that would be managed by a public trust or similar.
I wish we had social housing like in Vienna
https://youtu.be/41VJudBdYXY