This is going to keep happening as long as governments keep outsourcing new "affordable" housing projects to developers.
It makes far more sense to me to administer the projects publicly and source materials and trades directly instead of through the obnoxious matryoshka middleman system that is public-private partnership.
Also we badly need to fucking build non-market housing.
But outsourcing them to an collection of independent bureaucracies(companies) is so much more ‘efficient’ than one bureaucracy just building what it needs to.
Besides, the government owning and developing housing would just be a huge cost to the taxpayers given how unprofitable it is to own or sell real-estate. Why the government might even build enough to actually house all the people waiting on public housing and then rent out the surplus out at below market rates but above cost in order to help fund the service, and that sounds like it could cut into the profit margins of the poor landlords.
Nope, far better to make a deal where the government assumes the risk for the project if a project fails, and the corporations get to take all the extra profit if a project succeeds./s
This is pure poetry. Well done.
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