Re:Inflation and the housing question
by refurb on Monday March 21, 2022 @11:40PM
(#30762498)
Oh lordy, no, they didn't solve it.
If you're not married, you can't get public housing until you're 35.
If you do qualify, you have to enter a lottery for the opportunity to choose a unit. The chances of winning the first time are low.
Then once you've won, the wait time is 4-5 years before you actually get the place. But people do it because you can buy the unit subsidized, then after ~5 years, you can sell it at market rates. It's basically a free hand out by the governement.
If you're not married, you can't get public housing until you're 35.
If you do qualify, you have to enter a lottery for the opportunity to choose a unit. The chances of winning the first time are low.
Then once you've won, the wait time is 4-5 years before you actually get the place. But people do it because you can buy the unit subsidized, then after ~5 years, you can sell it at market rates. It's basically a free hand out by the governement.