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Schnitzel_Stephan
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Comments by "Schnitzel_Stephan" (@stephans1990) on "If Nobody Can Afford A Home... Who's Going To Buy Them?" video.
The government cannot allocate enough capital by itself. To meet demands, they need a level of financing that only big institutional investors can provide. And they will only invest if they expect to make a profit. On top of that, part of the problem right now is a shortage in labor and building materials, so even if you would start a government fund with 100 trillion dollars to start building new houses, you are still facing a bottleneck, while simultaneously driving up the price of these resources, stalling all other non government funded housing projects and overpaying by 1.000% for the houses you are currently building. And that's not even taking into account how government ran construction companies in the past have proven to be incredibly inefficient and corrupt.
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@majo3488 Again, you don't comprehend how big this fund would need to be, it would exceed the value of the United States government and it will only further disrupt supply and demand. We have social housing here in the Netherlands and the waiting list for a house can be up to 10 years at the moment, leaving no alternatives in the private sector since they cannot compete with the social housing corporations.
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