No-strings-attached public loans to developers, a shortage of construction workers and trades, and all that will be built are high-end condos.
To make housing affordable, government should build — meaning only approve and finance — truly and forever cost-plus housing for everyone.
Capital in private hands should not be invested in extracting ridiculously inflated rents from the productive economy, driving up the cost of living and doing business, but in import substitution manufacturing and developing innovative technologies, goods, and services for domestic consumption and global trade.
Bill Appledorf
Victoria
