Quote:
Originally Posted by blackmonsters
They already are in the business, it's called housing projects.
Ever here of Fannie Mae?(buying not renting)
What the government is not involved in is building housing that middle class
people would rent/buy. I think that area would be profitable.
Why does the government always have to relegate itself to money losing
projects that nobody else wants? They don't.
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Maybe they didn't start out as money losing projects that nobody wanted, and only became that way once the government got involved.
a. HUD: a massively inefficient corrupt money losing nightmare.
b. Real estate for the poor, largest creator of wealth in pre-socialist England.
a. Government oversight brings an unsustainable pyramid of entitled "workers" who can't be fired and advance via seniority.
b. Entrepreneurs are crushed until someone figures out how to do it right.
a. Governments govern by acquiescing to the squeaky wheels.
b. Squeaky wheels don't pay.