Open Thread



Artist – Joel Pett

Bloomberg has an informative piece on the market response, or a lack thereof, to skyrocketing demand for affordable housing.

Spoiler: the invisible hand of the free market is out to lunch.

“The private market doesn’t build housing that low-income people can afford anymore,” said Sheila Crowley, chief executive officer of the National Low Income Housing Coalition. “If there were a market answer to this problem, there would be massive investment going on, because the demand is extreme.”