I believe that when Paul Martin cancelled affordable housing across this country it produced a dramatic rise in homelessness and deaths due to homelessness and I've always said I hold him responsible for that.
Contrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable.
These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.
Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market - contrary to rhetoric.
The people who are working, paying their taxes are put into the system so that affordable housing could be built in neighborhoods that they probably live in that. That they may not want to, they may pay a premium so that they could live where they want to live and you end up with just another massive redistribution of wealth.
For instance, the most common type of "affordable housing" in the world comes in the form of apartments over stores.
A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
