To be fair that also means everyone has to pay for it via taxes, rather than private companies taking on the risk.
Where I come from, most landlords don’t actually make a huge profit on the rents, it’s just a way to pay for the property, the true income lies in the appreciation of said property. Most also only have 1-2 apartments they rent out. And if the market goes to shit, the developers can lose money on new builds.
To be fair that also means everyone has to pay for it via taxes, rather than private companies taking on the risk.
Where I come from, most landlords don’t actually make a huge profit on the rents, it’s just a way to pay for the property, the true income lies in the appreciation of said property. Most also only have 1-2 apartments they rent out. And if the market goes to shit, the developers can lose money on new builds.