this post was submitted on 18 Nov 2024
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Vienna has something like 40% of all units as public housing, and decade waitlists where you have to already live in the city to be eligible to be on the lists. Singapore is closer to 90% and still has waitlists, requiring you to get married to get priority and even that can take a couple years.
How exactly does your proposal somehow fix that situation?
I've seen no situation in which building public housing of any amount becomes anything but a lottery for the poor, and here especially with all the land already privately owned it would be prohibitively expensive to get to even 10% public housing, let alone the larger amounts seen in some of these other places.
No, the real answer lies with crashing house prices directly. It's just a Band-Aid we're going to have to rip off at some point, and it's going to fucking hurt.