Gordon Gekko’s infamous declaration, “Greed, for lack of a better word, is good,” epitomizes the mindset that has seeped into housing policy, where profit takes precedence over people. This ideology, embraced by profit-driven developers and supported by policymakers who prioritize economic metrics over human needs, has transformed a housing crisis into a lucrative opportunity for exploitation. Instead of creating genuine solutions that ensure safe, affordable homes for working families, these policies encourage the construction of market-rate units masked as “affordable,” catering to investors rather than communities. The result is a system that exacerbates inequality and displacement, perpetuating the illusion of progress while leaving the most vulnerable further behind.

In contemporary debates about affordable housing, a common argument suggests that increasing the overall supply of housing will naturally lead to more affordable homes for everyone. Proponents claim that by simply building more units, market forces will drive down prices, benefiting even those at the lower end of the income spectrum. This argument parallels the principles of trickle-down economics, which posits that benefits provided to the wealthy will eventually “trickle down” to the less fortunate, improving economic conditions for all. However, just as trickle-down economics has been widely criticized and debunked, the simplistic notion that increasing housing supply alone will solve affordability issues is fundamentally flawed.