An interesting fact about Vienna is that it has an incredibly effective public housing system. about half of the housing units are controlled (directly or indirectly) by the state! a consequence is that there is significantly less homelessness and a lower rate of extreme poverty. Nobody in Vienna pays any more than 25 percent of their income on rent, compared with the benchmark of 30% in the US. I have a feeling that the collectivist, communist, leftist ethos has something to do with the low evasion rate. Plus higher faith in the state and so on and whatever. Communism is bad, but Vienna taking care of its poor and vulnerable citizens is probably good
Thanks for the information, Pietro. I had heard about the large number of government-owned and -subsidized residences in the city but I was not aware of those income figures. I am not convinced that more Section 8/rent-controlled housing would make NYC a high-trust city but the question bears further investigation, certainly.
An interesting fact about Vienna is that it has an incredibly effective public housing system. about half of the housing units are controlled (directly or indirectly) by the state! a consequence is that there is significantly less homelessness and a lower rate of extreme poverty. Nobody in Vienna pays any more than 25 percent of their income on rent, compared with the benchmark of 30% in the US. I have a feeling that the collectivist, communist, leftist ethos has something to do with the low evasion rate. Plus higher faith in the state and so on and whatever. Communism is bad, but Vienna taking care of its poor and vulnerable citizens is probably good
Thanks for the information, Pietro. I had heard about the large number of government-owned and -subsidized residences in the city but I was not aware of those income figures. I am not convinced that more Section 8/rent-controlled housing would make NYC a high-trust city but the question bears further investigation, certainly.
More section 8 would make things worse surely, it’s just interesting that their system is so relatively successful compared to ours
Absolutely. There must be economic research done on this subject, which I ought to explore seriously.