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@Alex B.

You write:

"It's only odd if you define 'affordable housing' as 'subsidized housing.' Of course, we could make housing a lot more affordable if the market were allowed to build the supply needed to meet demand."

This is kind hair-splitting but I'll play along.

In the context of blogs like this one, "affordable housing" is almost always shorthand for government polices such as subsidies and de facto rent control.

Separatley, You are right that allowing more to be built might lower costs. But, it is also worth noting that all housing is already affordable to somebody. It's just that some people don't like the people for whom it is affordable or don't think that it is affordable for the right people.

Housing owned by a genuinely motivated seller that is not affordable to somebody will quickly be lowered in price!

I will spare you (and other other readers since I suspect you and I agree) a jeremiad on the policy madness of rent control and subsidized housing.

P.H.

by Paxton Helms on Dec 10, 2012 11:14 am • linkreport

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