Earlier quoted context omitted.
This is so illogical. For one, who is going to build these properties for low-income people only? Costs will be almost the same, profits will be way less. So why would a developer bother? In fact, the recent change to require a higher percentage of low income units in new structures has killed the pipeline for new building starts. Even if it seems counterproductive to the goal of helping low income people, historical…
You're thinking purely within a capitalist framework. There is no capitalist solution to this problem. The solution is unprofitable. I encourage you to think outside this framework as humanity itself is at stake not just profits.
In this context, would you agree that rent control seems counterproductive unless we were to switch to a socialized economy overall?
> There is no capitalist solution to this problem.
I'm curious if others here would agree with this; I don't have a strong opinion yet.