contrarian housing take: in order to deflate housing scarcity, we need to increase the fiscalization of housing, popularizing fractional ownership and unconventional ways to hedge against rises in housing costs that don’t discourage density.
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I sort of remember his arguing that an asset you can’t short will inevitably be subject to undesirable speculative bubbles, so housing derivatives would help stabilize the market
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They were created, listed at the CME, and never traded. Same story for the vast majority of new product listings attempted. What makes for an active market is a fun thing to think about
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