Part 6/8:
While the plan aims to stimulate economic activity and address housing shortages, critics argue that it could perpetuate economic inequalities. Converting government-held properties into private rentals, with taxpayer-funded infrastructure support, risks prioritizing profit motives over truly affordable housing for lower-income populations.
Additionally, the lengthy process of renovation and conversion, coupled with the current structural issues in the commercial real estate market, raises questions about the long-term effectiveness of these measures. The core problem—an imbalance between high interest rates, stagnant wages, and rising inflation—remains unaddressed. These economic strains are fueling the housing crisis more than the availability of units.