This literally happens in some areas outside the US. I can’t remember if it’s NotJustBikes or HappyTowns that talks about it on YouTube. But basically, the government offers affordable housing to force landlords to compete on quality and price. Shockingly in those areas rents are down and the quality of apartments is decent.
It’s fairly standard for each municipality here in sweden to own a landlord company that has some small fraction of the local housing supply and is explicitly for the public good.
I’ve lived in such housing basically my entire life and it’s so hilariously superior to anything else that if they removed the arbitrary limit on how much housing they can own, the municipal landlords would utterly dominate and the total spending on housing would probably drop by 50%…
This literally happens in some areas outside the US. I can’t remember if it’s NotJustBikes or HappyTowns that talks about it on YouTube. But basically, the government offers affordable housing to force landlords to compete on quality and price. Shockingly in those areas rents are down and the quality of apartments is decent.
It’s fairly standard for each municipality here in sweden to own a landlord company that has some small fraction of the local housing supply and is explicitly for the public good.
I’ve lived in such housing basically my entire life and it’s so hilariously superior to anything else that if they removed the arbitrary limit on how much housing they can own, the municipal landlords would utterly dominate and the total spending on housing would probably drop by 50%…
Vienna, Austria is a classic example. Don’t know about the current situation, though.