in capitalist America, 'affordable housing' is housing that was built 20+ years ago in a bad location
since most cities outlawed new dense core housing in the late 90s or earlier, there is now generally no affordable housing in them, because very little housing has been built over the last 20 years, and the housing that has been built in that time is often replacement for what would have been affordable today
add the whole Faircloth Limit (which doesn't require replacement of subsidized housing that is destroyed), and the housing market anywhere reasonably close to a 'desirable' urban area is a hell world shit pit
What's the incentive to build dense housing when artificially creating scarcity allows you to turn massive profits on a few sticks stacked on a 1 acre lot?
two things
since most cities outlawed new dense core housing in the late 90s or earlier, there is now generally no affordable housing in them, because very little housing has been built over the last 20 years, and the housing that has been built in that time is often replacement for what would have been affordable today
add the whole Faircloth Limit (which doesn't require replacement of subsidized housing that is destroyed), and the housing market anywhere reasonably close to a 'desirable' urban area is a hell world shit pit
What's the incentive to build dense housing when artificially creating scarcity allows you to turn massive profits on a few sticks stacked on a 1 acre lot?
Private property gang