• Genius@lemmy.zip
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    9 days ago

    When more homeless people are in public housing, there’s less demand for rentals.

    When there’s less demand for rentals, competition falls and rents fall too.

    When rents are low, landlording becomes less profitable.

    When landlording isn’t profitable, investors move their stock to higher growth assets.

    When investors sell their houses, the price to buy a house falls.

    To put this in simple terms: a rising tide lifts all ships. Housing the homeless improves the lives of everyone except landlords and billionaires.

      • Genius@lemmy.zip
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        9 days ago

        Qui-Gon explained it best:

        You and the Naboo form a symbiont circle. What happens to one of you will affect the other. You must understand this.

    • lightnsfw@reddthat.com
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      9 days ago

      Is the government going to give them a car too? What good is a house to a person that has no transportation. How are they going to get to/from anywhere with how most neighborhoods are set up? There’s nothing in walking distance for them. A better solution would be for the government to tax the shit out of residential property that the owner isn’t living in so they’re incentivized to sell. Then the people that are currently renting can buy, move out of their apartments in more walkable areas and free them up for whatever the government needs to do for the homeless.

      • Genius@lemmy.zip
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        9 days ago

        Lots of homeless people have cars. Often, they live in them. That said, it would be better for them to get to work by walking, cycling, or using public transportation.