Comment 116829

By RobF (registered) | Posted March 04, 2016 at 14:33:32 in reply to Comment 116799

Two words: market failure.

Rent vouchers only work temporarily where you have excess supply. The private sector by definition doesn't provide "affordable" housing. It provides profitable housing.

The construction of public housing, as well as limited dividend housing, greatly increased the supply of affordable market and non-market housing in the 1950s and 60s.

It's no secret in housing policy circles that very little dedicated rental housing, nevermind low-cost rental housing, has been built since the mid-1970s. Building condos became more attractive from a capital turnover and risk perspective and rent-controls made rental buildings less appealing.

Giving means-tested rent vouchers without addressing supply (and discrimination) isn't a long-term policy alternative ...

Comment edited by RobF on 2016-03-04 14:34:39

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