Vancouver

The reason we don't do this is because there's no profit in it.

The Chinese take a "damn the torpedoes, full steam ahead" that works when you dictate what needs to happen, either by doing it yourself, or arm-twisting the private sector.

Neoliberalism absolutely abhors that kind of interventionist policy: we're supposed to give industry tax breaks, regulatory relief and, frankly, direct grants to get things done. Governments' only job is to bribe the private sector as needed, and to otherwise get out of the way.

If you want the private sector to build public housing, the bribe is gong to be through the roof.