Quote:
Originally Posted by 68style
That is literally the only way. Government funded and managed... there is no private enterprise on this planet that is going to sell or rent housing to anyone for less than market value.
Publicly funded is the only answer.
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I don't like the idea of government housing because at the core of it, it means taxpayers are on the hook to subsidize everyone else. And in most cases, the taxpayers bearing the brunt of the burden are gonna be the ever-shrinking middle class (and spilling over to the working class). But as 68 is saying, this is literally the only way to make housing accessible now.
On the other hand, having a municipal gov to take this on is entirely the wrong approach. For one thing, the scale that a city would be able to take on is far too small. Furthermore, with municipal govs not being allowed to run deficit budgets (at least in BC), it severely limits the financial capacity of the program, which means it really can't do very much.
Ideally, it should really be a provincial program, in collaboration with municipal governments.