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submitted 1 day ago by Deceptichum@quokk.au to c/world@quokk.au

Mexican President Claudia Sheinbaum has launched a comprehensive housing initiative to address the country's housing deficit by building a million homes and offering zero-interest mortgages.

The program, aimed at supporting vulnerable groups, focuses on female-led households, young people, Indigenous communities and senior citizens. The announcement is a fulfillment of Sheinbaum's campaign promise to create affordable housing and promote equitable urban development.

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[-] ColeSloth@discuss.tchncs.de 1 points 22 hours ago

That doesn't answer the question I had. Whenever prices of expensive things get subsidized, it makes the prices go up. Prices are based on how much a company thinks it can get for something from the people buying. If a car is selling for $40k and then it gets subsidized to give a buyer $20k off, that car quickly turns into a $55k car and the company just profits more.

[-] kemsat@lemmy.world 1 points 22 hours ago

The car example is kinda bad since dealers always markup the cars.

Anyway, it would still help to have a million more homes enter the market. The price is also partly determined by the availability of the product, so adding more supply should lower prices.

this post was submitted on 12 Nov 2024
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