It's a genuine question. Would love reasons instead of just downvotes.
It's a genuine question. Would love reasons instead of just downvotes.
It just said affordable housing, which I assume is for normal working folks even tech people?
Nope, not for tech people.The term 'affordable housing' often refers to housing units that are offered at below-market rates. It's part of a government racket:
The government creates regulations and takes other actions that hinder developers from easily building new housing, thereby limiting supply and increasing prices for the units that are available.
At the same time governments enact policies to prevent landlords from raising rents to market rates. While this protects current tenants, it limits the availability of units for new residents, effectively pricing them out and meaning only a subset of the total rental stock is affected by supply and demand.
After these regulations create a landscape of high housing costs, governments then introduce 'affordable housing' quotas for new development projects. These are often aimed at appeasing certain voter demographics to win votes.
The government forces developers to reserve some % of units for 'affordable housing' but this development wasn't being built to house people who are currently homeless.