I saw a tweet the other day where someone was dismissing the idea of a government getting involved in building “affordable housing” because it offers no ROI (return on investment) for the government. I disagree.
Society is more than a collection of financial statements.
Being able to afford a home provides psychological ROI, and societal ROI. It can lower a person’s time preference, increase self-esteem, and allow the value of ownership (and the responsibilities that come with it) to grow.
A healthy and valuable society is built upon individuals who feel healthy and valuable. I love finances, investments, and capitalism as much as the next FIer, but there is more to life and society then finances.