Re: “Tacoma loosens eviction restrictions in attempt to save affordable housing” (Dec. 22, Venture Homeless):
Greg Kim writes that reasonably priced housing suppliers are struggling as a result of they have to compete with a personal market the place rents are “abnormally low.” However what, precisely, is irregular about personal builders constructing and renting residences at costs set by provide, demand and regulatory constraints?
If market-rate rents are approaching these of sponsored housing, that will point out {that a} mixture of market forces and public coverage has succeeded in producing comparatively reasonably priced housing. Fairly than treating this consequence as an aberration, it might be value asking whether or not the personal market — when correctly regulated — may be a part of the answer to housing affordability.
Curtis DeGasperi, Seattle
