Give Loans, Not Homes

Abdul Rahman al-Rashed on Saudi government options to solve the housing crisis:

The housing promise is a developmental, economic, social and—of course—political project. If the government fulfills its pledge, it may be one of the largest such projects ever undertaken in the world. There are two ways to ensure its success: either give citizens the money, or give them a pre-built house. It would be better if the government grants each citizen SAR 500,000 and lets them be in charge, while ensuring that the price of basic construction materials is regulated. The less favorable option would be for the government to handle the entire construction process.

The lack of proper housing is finally taking center stage as one of the main problems facing the country.