The problem with charging below market prices for anything is that it necessarily leads to a mismatch of supply and demand. So the question is how do you allocate that supply? One way is to have hidden costs. This could range from straight up bribes, to paid consultants to fill out a lot of forms or talk to the right people, to just knowing someone Another way is a lottery which benefits a tiny percentage of people.…
It doesn’t take much to destroy a city with money, I can see it happen in a few cities in Europe now. Foreign money, mostly from non EU countries like Russia keeps pouring in raising the market value until no local can afford renting or owning an apartment anymore. Look at places like Sylt or some nicer towns in Switzerland or France, they basically got overrun by rich a••holes buying everything they could. Boggles m…
Paris preserves its mixed society by pouring billions into public housing
61–70 of 662 posts
Re: Paris preserves its mixed society by pouring billions into public housing
#62Earlier quoted context omitted.
And yet Vienna is one of the most beautiful, livable cities in the world, with its masses of public housing, while major U.S. cities have homelessness crises and TV shows about house flipping for profit. Perhaps we should stop debating things based on the hokum of Econ 101 textbooks and look at what in the real world has actually worked (e.g. abolishing most forms of zoning, massive investments in public housing, rob…
The US also has a per capita GDP 50% higher than Austria ($52,131 vs $76,399). At $52,131 a year per capita GDP, Austria would be neatly in second to last place as the poorest state in the Union, as it would beat Mississippi at $47,190 but be beaten by West Virginia at $53,852. So perhaps the US policy is doing something correctly.
Re: Paris preserves its mixed society by pouring billions into public housing
#63The problem with charging below market prices for anything is that it necessarily leads to a mismatch of supply and demand. So the question is how do you allocate that supply? One way is to have hidden costs. This could range from straight up bribes, to paid consultants to fill out a lot of forms or talk to the right people, to just knowing someone Another way is a lottery which benefits a tiny percentage of people.…
> So the question is how do you allocate that supply? To adress this specific question for Paris, they put an upper limit on your income to rent specific housing with lower rent. I'll scale down your caricature of an example though, the offers you can see are usually 15% to 20% under market price, not 75% like you seem to imply. Not exactly sure what is your point otherwise, the difference in terms of giving someone…
I don't know, I would prefer the autonomy to choose where I live and how I spend my money. Why don't we afford the same respect to people that are less well off? Why do we want to essentially force them to live somewhere expensive when they would prefer to use that money elsewhere? They're not some pawn you can use to feel good about yourself. "Oh look at all these people from different cultures that live here". They're human beings
Re: Paris preserves its mixed society by pouring billions into public housing
#64This article reminded me of a thought I’ve often had: that the USA is a great place to live for the upper middle class and above, but it’s one of the worst wealthy countries to live in when you’re poor. From the context of the USA it seems downright amazing to see a society where public housing isn’t automatically assumed to be a number of bad things: taxpayer waste, crime haven, and antiquated disrepair. The benefit…
(just as the second world countries which bordered the first seem to have done better than their ideological cores, it seems to me that first world countries which bordered the second have also done better)
Re: Paris preserves its mixed society by pouring billions into public housing
#65Earlier quoted context omitted.
I used to think like you but no longer do. A city NEEDS to have people of all ages, backgrounds, income levels etc in it to not die. Yes those people who live in that most central subsidized housing are in some ways winning a lottery ticket, and the real policy is to build a lot more housing as close to the city as possible. But Paris are doing that! AND adding new public transit etc etc. This multifaceted approach i…
> A city NEEDS to have people of all ages, backgrounds, income levels etc in it to not die. Correct. Therefore, subsidized housing is good and more of it is better? No, it does not follow. What you say is correct, to a degree. Beyond that, it is incorrect. There are no solutions, only trade-offs.
Re: Paris preserves its mixed society by pouring billions into public housing
#66Earlier quoted context omitted.
And yet Vienna is one of the most beautiful, livable cities in the world, with its masses of public housing, while major U.S. cities have homelessness crises and TV shows about house flipping for profit. Perhaps we should stop debating things based on the hokum of Econ 101 textbooks and look at what in the real world has actually worked (e.g. abolishing most forms of zoning, massive investments in public housing, rob…
Vienna has had the luxury of having had relatively little demand for housing for over a century. The population peaked in WWI and still hasn't recovered (it was 2.24m in 1916, 2.00m in 2023).
Re: Paris preserves its mixed society by pouring billions into public housing
#67This article reminded me of a thought I’ve often had: that the USA is a great place to live for the upper middle class and above, but it’s one of the worst wealthy countries to live in when you’re poor. From the context of the USA it seems downright amazing to see a society where public housing isn’t automatically assumed to be a number of bad things: taxpayer waste, crime haven, and antiquated disrepair. The benefit…
Re: Paris preserves its mixed society by pouring billions into public housing
#68[flagged]
Re: Paris preserves its mixed society by pouring billions into public housing
#69Earlier quoted context omitted.
I used to think like you but no longer do. A city NEEDS to have people of all ages, backgrounds, income levels etc in it to not die. Yes those people who live in that most central subsidized housing are in some ways winning a lottery ticket, and the real policy is to build a lot more housing as close to the city as possible. But Paris are doing that! AND adding new public transit etc etc. This multifaceted approach i…
Why does everybody need to concentrate in huge cities? If Romans where able to relatively evenly spread their towns and population all over the place in the analogue age, then why aren't we able to do so in the digital age?
Re: Paris preserves its mixed society by pouring billions into public housing
#70The problem with charging below market prices for anything is that it necessarily leads to a mismatch of supply and demand. So the question is how do you allocate that supply? One way is to have hidden costs. This could range from straight up bribes, to paid consultants to fill out a lot of forms or talk to the right people, to just knowing someone Another way is a lottery which benefits a tiny percentage of people.…
I used to think like you but no longer do. A city NEEDS to have people of all ages, backgrounds, income levels etc in it to not die. Yes those people who live in that most central subsidized housing are in some ways winning a lottery ticket, and the real policy is to build a lot more housing as close to the city as possible. But Paris are doing that! AND adding new public transit etc etc. This multifaceted approach i…