Housing Supply Act Discussion - Implementation & Outcomes

[seamusmcduff]

It's understandable that developers and banks would expect those returns when parking your money in other less risky investments can get you 5-10%. That's why I don't think we are getting out of the housing crisis without government interventions. Any drop in home values and developers will hold on developing until prices go up again and they can get their returns.

There's a lot the government can do to build housing without spending tax payer money. Low interest loans, non profit housing corps (still break even), or even for profit housing that only need ~5% returns. For some reason our governments don't have the willpower or they feel they don't have the political capital to do this.