Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Denver gave people experiencing homelessness $1,000 a month. A year later, nearly half of participants said they had housing. (www.businessinsider.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 2 months ago

This is neat and all but let's take a moment to consider all that this is doing is subsidizing landlords who are charging too much. If Denver were to impose a rent cap or punish gouging - housing would be more affordable for the impoverished and everyone else. More money to spend means a better local economy. Subsidizing just emboldens the landlords to continue to raise rent and pull more money out of the economy.