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If she was talking about a general outsourcing of below-market housing to non-state actors, then sure. But it seemed like she was saying that the private real estate industry was created in the Reagan era through deregulation and privatization!
well it's not always below-market, right? it's also using housing development and subsidies to create markets in a lot of places, i.e., outsourcing to private actors and developing in particular places to encourage more private development etc etc etc