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It will not fix anything. There are plenty of homes already. Corporate greed is the cause of the housing crisis. There needs to be legislation that makes it unprofitable to own and hold unused properties
Plenty of homes where? In my city, which is a major job center, there are hardly any houses for sale. It doesn't really matter if there are plenty of houses 1+ hours away from my job.
How many of the 3 million houses will be built in your area and what impact do you think they will have?
The problems that are causing the crisis are corporate greed and Airbnb-esque rentals.
Are you looking to fight the symptoms or the cause?
Edit: I live in a major city and there is plenty of housing, just not affordable
I'd be curious to get some good numbers on this. From a cursory search I got the impression that a very small proportion of homes are AirBnB rentals, but I'm definitely open to looking at conflicting data. Corporate ownership of homes is definitely a problem, and I certainly hope that part of this plan is to prevent these homes from being sold to investors rather than residents. No one is saying we can't build more homes and address the underlying cause of the shortage at the same time. I know that 3 million homes is not a lot relative to the country's population. However I am not ready to write them off as useless, since strategically placing these homes in the right areas may still have a significant impact.___