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Could Vienna’s approach to affordable housing work in California?
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<blockquote data-quote="durangodawood" data-source="post: 77670424" data-attributes="member: 200668"><p>Mainly I wanted to push back on your insinuation that the Vienna model was some kind of state communist "<em>we tell you where to live</em>" thing. Its not. You simply choose from whats available. Given the popularity of the setup, obviously they arent going to rent a 3 br to a single person.</p><p></p><p>The interesting question for me is: whats the state of the private market there? Does the city massively put its thumb on the scales against private development? Obviously if it heavily subsidizes the cost of its municipal housing, then private developers cant compete against that - except in leftover markets like the single guy who wants a 3BR unit, etc.</p><p></p><p>Im concerned that housing in the US is a broken market. For sure overregulation plays a part - especially zoning and parking requirements. But Im also suspicious of big time private equity participation.</p></blockquote><p></p>
[QUOTE="durangodawood, post: 77670424, member: 200668"] Mainly I wanted to push back on your insinuation that the Vienna model was some kind of state communist "[I]we tell you where to live[/I]" thing. Its not. You simply choose from whats available. Given the popularity of the setup, obviously they arent going to rent a 3 br to a single person. The interesting question for me is: whats the state of the private market there? Does the city massively put its thumb on the scales against private development? Obviously if it heavily subsidizes the cost of its municipal housing, then private developers cant compete against that - except in leftover markets like the single guy who wants a 3BR unit, etc. Im concerned that housing in the US is a broken market. For sure overregulation plays a part - especially zoning and parking requirements. But Im also suspicious of big time private equity participation. [/QUOTE]
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Could Vienna’s approach to affordable housing work in California?
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