alt Hacker NewsYou think the government knows better how to identify land that is profitable than private builders? Why? Or is this one of those opinions based on "is OK for the state to pay for it because there's infinite money for my pet project"?
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Spivak • today at 4:02 AM
Because government has a unique pricing advantage, they get additional value from the houses they build in the form of all the positive externalities and property tax revenue. So projects that wouldn't be profitable for private builders might still be worth it to the government. So it should be both.
They're just gonna pay builders a sum anyway so it's not like they need to shoulder the full upfront cost anyway.
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Because I grew up in the UK and there is a fuckton of government housing from 60s and 70s. It is ugly but it is housing people.
Government doesn't need to make a profit due to taxation.