• @Maggoty
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    12 hours ago

    Free isn’t really realistic at the scale we need it. We can make it free for people who are that destitute, but most of us just need housing at a reasonable rate.

    Luckily, if I spend 30 million dollars to build 60 bachelor or couples units I can easily reserve a few for that. And the other 50 units will easily cover the cost of the building, maintenance, and remodels, over the next 50 years. Just charging them purely “at cost” would amount to about 1,500 dollars a month. And that’s in the places where it’s expensive to build. So other rentals are going for 3,000 for bachelor’s and couples in that area and the net effect is to drop an anchor in the housing market there.