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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SeattleRain@lemmy.world

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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 3 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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[–] yggstyle@lemmy.world 3 points 3 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.