341
submitted 2 weeks ago by Deceptichum@quokk.au to c/world@quokk.au

Mexican President Claudia Sheinbaum has launched a comprehensive housing initiative to address the country's housing deficit by building a million homes and offering zero-interest mortgages.

The program, aimed at supporting vulnerable groups, focuses on female-led households, young people, Indigenous communities and senior citizens. The announcement is a fulfillment of Sheinbaum's campaign promise to create affordable housing and promote equitable urban development.

you are viewing a single comment's thread
view the rest of the comments
[-] kemsat@lemmy.world 1 points 2 weeks ago

The car example is kinda bad since dealers always markup the cars.

Anyway, it would still help to have a million more homes enter the market. The price is also partly determined by the availability of the product, so adding more supply should lower prices.

this post was submitted on 12 Nov 2024
341 points (98.0% liked)

World News

278 readers
508 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

founded 1 month ago
MODERATORS