The first thing we have to do is make sure that there is no speculation and that the government does not contribute to it. When we fund private affordable housing, that housing can be purchased by an investor. Then it could become financialized, which defeats the purpose.
To ensure that the money will properly serve the public in the long term, the government must turn to social and community housing. It also needs to expand the target population: social housing must not be reserved for low-income and vulnerable people. It should also be for people who are simply not rich. By maintaining a large housing stock, investing in non-profit collectively owned properties and focusing on the social economy, we will be sure to avoid speculation.