entrement I guess I have one question: How would you solve this issue without impacting property values?
Or is the solution simply to let people be homeless? Because I fail to see why it is crueler to let a person potentially die of untreated flu than it is it to let them die of exposure due to a lack of accessible shelter.
You do what San Francisco and NYC do.
-You stabilize rent so that "long term" residential renters A.K.A voters, are unaffected.
-You prevent construction so that "owner-occupiers" see their value of a limited resource, housing stock, go up drastically. They vote also.
-You keep real estate taxes low and do not implement an estate tax, so their heirs can enjoy the same city and lifestyle without being priced out.
-You then distribute funds to combat the "housing crisis" by using "non-profits" that are amazingly inefficient at actually helping the homeless and they really end up being middle class income centers. These administrators are typically long time residents who vote.
-You put most of the tax burden on the "new residents" who don't vote today because they have not yet bought into the great liberal society.
Basically you ignore the housing crisis that causes homelessness, keep your supporters happy and financially well off, and get re-elected.
Now San Francisco's non-rent regulated poor/middle class are permanently fucked, because even if liberal utopia actually became liberal and allowed housing they do not have the required capital nor labor stock to actually have a building boom.
However if San Francisco had the capacity and ability to build new housing stock, existing land owners would benefit because when you can build more housing on land, the economic value of that land increasing and the price of the land continues to increase. The group of people who do not benefit from new housing stock are existing stabilized renters, as with more people the utility they receive from public goods decreases.
Out of curiosity why do we need more real estate investment? There are currently more unoccupied homes in the US than there are homeless people in the US.
3.5 Million Americans are Homeless. 18.6 Million Homes are Empty.
What are you investing in with your increased federal spending?
The housing crises is rationalized, not a national crises, not a federal issue. Most housing constructed today can be purchased at near construction costs. The problem is only a few people want to live there as the in-demand jobs are in successful regions. Unfortunately once a region becomes a success, the existing landed gentry (even in TX) starts to, and continues to, keep others out.