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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Viva Mexico (lemmy.world)

submitted 3 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 weeks ago (1 children)

Which ever government has financing. It wouldn't be free. The gov would collect interest and make money just like any private developer. Considering this is basically how Freddie Mac already operates with Single Family Homes it's not a stretch to extend this gov financing to big multifamily projects owned by tenants.

[–] [email protected] 1 points 3 weeks ago

Ah, I see what you mean. Not a bad idea if it can be done with a good design team and good construction oversight. I would fear government housing projects being built as cheaply as possible though, when well designed and constructed buildings bring far greater return.