homeowners owns multiple properties. They’ve benefited from the rising prices of homes upping the value of their “housing assets.”
Supply alone will not decrease prices as long as housing remains an investment asset. When profit intersects with human rights, we all lose.Article content Non-profit housing is a smart investment. Rents stay affordable in the long term as market rates increase. It can also reduce the cost of housing in the private market through competition from legitimately affordable options.Article content
There is profit or debt in everything people do. Nonprofit housing is just a name. Somebody pays and all money earns interest. Accountants earn their fees
Why not just take all the money that the city gives to nonprofits like yours and just give it to the homeless people to find homes?