In Singapore, a poster child of modern capitalism, the vast majority of residents live in government-built apartment buildings. In many cases the tenants own their apartment and can resell at market rate after a certain period, but the land (if not the apartment itself) is generally on a 50-year or 99-year lease from the government.
Government regulation isn't binary. Conservatives and liberals in America are blinded by their own prejudices, most of which are shared prejudices :(
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Seriously. It is hard to imagine a much less capitalistic housing market than SF without every building being owned by a government entity.
Who can live on $15 an hour in this city transformed by innovation?
It's a city transformed by bad zoning policy, not "innovation:" https://techcrunch.com/2014/04/14/sf-housing
In Singapore, a poster child of modern capitalism, the vast majority of residents live in government-built apartment buildings. In many cases the tenants own their apartment and can resell at market rate after a certain period, but the land (if not the apartment itself) is generally on a 50-year or 99-year lease from the government.
Government regulation isn't binary. Conservatives and liberals in America are blinded by their own prejudices, most of which are shared prejudices :(
Singapore is the poster child for benevolent/effective authoritarianism.