Proculation Proculation:
sandorski sandorski:
Increase Wages or Increase Affordable(Subsidized or otherwise) Housing, which is more Cost effective? I lean towards the latter, but don't know of any hard numbers on it. One possible solution involves neither, that is to encourage Retirees to move out of the City. That, if successful, would decrease in City Housing Demand and should decrease Prices. Not only that, but significant Subsidies are given to that part of the population and in smaller cities Housing Cost Less which should free up some money on the Subsidy side.
Unfortunately, you picked the wrong one. Subsidized housing is very bad economics and will only worsened the problem.
It's not that just only a few will benefit, but the whole thing becomes very silly.
In Ontario, if yer on social assistance and luck out in finding some subsidized housing your rent is based on the assistance amount. BUT, then the other hand of the gov't says "Hey, you're only paying $250/mo rent now," (for example)so they reduce your cheque.
You then go back to the housing authourity, and get your rent further reduced because your income has been lowered. The other hand of the gov't finds out and then reduces your cheque even further, and the cycle retardedly continues.