> Affordable housing is housing that is passed down from generation to generation. We don't need to build "affordable housing". We need to build good high quality housing that will then get transferred down to other people through sales. (And with proper land value taxes - these will not be appreciating assets)
This is just trickle down theory, but for housing instead. What actually happens is that old housing stock is bought by investors who then tear it down and develop it into luxury housing, and often that housing is then either used as speculative assets or bought by some of the world's richest people looking to store value.
Affordable housing doesn't mean "low-quality housing", it can mean high quality housing that is subsidized so that working class people can afford it, instead of just the adult children of the already wealthy, like many neighborhoods in cities are becoming/already are. Do it right, and that housing can become generational wealth, as well.