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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
Verified account
@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    1. Noah Smith‏Verified account @Noahpinion Oct 20

      Elizabeth Warren's YIMBY plan: 1. Block grants to cities that reduce zoning restrictions 2. Subsidies for affordable housing 3. Down payment assistance to help poor people buy houses 4. More policing of lending discrimination https://www.theatlantic.com/politics/archive/2018/09/elizabeth-warrens-fix-americas-housing-crisis/571210/ … I like it.

      42 replies 244 retweets 807 likes
      Show this thread
      Noah Smith‏Verified account @Noahpinion Oct 20

      The third point - helping poor people buy houses - is exactly what @conorsen and I called for in a well-timed post shortly before Warren released her plan:https://www.bloomberg.com/view/articles/2018-09-24/america-needs-policy-to-revive-the-dream-of-homeownership …

      9:06 AM - 20 Oct 2018
      • 16 Retweets
      • 98 Likes
      • Eric Rivera 🚀 Chang Koo John ((( Oblomova ))) 🇪🇺 greysphere Sean Joe DeSimone Merry Kralizec Steve Morrison
      15 replies 16 retweets 98 likes
        1. New conversation
        2. Sri Thiruvadanthai‏ @teasri Oct 20
          Replying to @Noahpinion @conorsen

          Helping people with affordable rent should be the goal. Germany does it very well. It helps with mobility and financial security. We need to get out of homeowner-mortgage-financial complex. High home prices are the bane of capitalism.

          7 replies 5 retweets 36 likes
        3. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @teasri @conorsen

          But it doesn't help with WEALTH.

          7 replies 1 retweet 3 likes
        4. Sri Thiruvadanthai‏ @teasri Oct 20
          Replying to @Noahpinion @conorsen

          Generating wealth via rising home prices is not helpful. Otherwise you suggesting that people can't save except thru home equity?

          5 replies 0 retweets 15 likes
        5. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @teasri @conorsen

          Did you read our post?

          1 reply 0 retweets 0 likes
        6. Sri Thiruvadanthai‏ @teasri Oct 20
          Replying to @Noahpinion @conorsen

          Yes, I did. Need to increase financial literacy and encourage responsible investing. Plus, government can offer subsidized higher rates on small savings accounts--financed with getting rid if mortgage deduction!

          2 replies 1 retweet 6 likes
        7. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @teasri @conorsen

          I mean, if we could use social wealth funds investing (partly) in real estate as a substitute for individual homeownership that would be amazing. But can we? In the meantime we need more houses in this country.

          3 replies 0 retweets 3 likes
        8. Sri Thiruvadanthai‏ @teasri Oct 20
          Replying to @Noahpinion @conorsen

          Agree. I will start a separate thread on this.

          1 reply 0 retweets 1 like
        9. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @teasri @conorsen

          I mean, there are more dramatic, transformative things we could do. LVT (big tax on real estate capital gains with exemptions for development) to fund SWF (which invests partly in real estate). That would require a big overhaul of our system but it would be great.

          1 reply 0 retweets 3 likes
        10. 1 more reply
        1. New conversation
        2. Jeremy Stamper‏ @jeremymstamper Oct 20
          Replying to @Noahpinion @conorsen

          I thought you were a neoliberal.

          1 reply 0 retweets 0 likes
        3. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @jeremymstamper @conorsen

          This is a pretty neoliberal plan!

          2 replies 0 retweets 1 like
        4. Jeremy Stamper‏ @jeremymstamper Oct 20
          Replying to @Noahpinion @conorsen

          None of this sounds like free market capitalism.

          1 reply 0 retweets 0 likes
        5. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @jeremymstamper @conorsen

          Neoliberalism isn't free market capitalism - it's free market capitalism with smart, targeted govt. intervention.

          1 reply 0 retweets 0 likes
        6. Jeremy Stamper‏ @jeremymstamper Oct 20
          Replying to @Noahpinion @conorsen

          Then I assume rewarding rent control isn’t a component of the plan.

          0 replies 0 retweets 0 likes
        7. End of conversation
        1. New conversation
        2. ....‏ @jimmystheman Oct 20
          Replying to @Noahpinion @conorsen

          Wasn't saddling some people with mortgages they couldn't afford one of the causes of the '08 recession?

          1 reply 0 retweets 2 likes
        3. Noah Smith‏Verified account @Noahpinion Oct 20
          Replying to @jimmystheman @conorsen

          Downpayment assistance = giving people money = they don't need to borrow as much

          1 reply 0 retweets 1 like
        4. 1 more reply
        1. New conversation
        2. Sander Wagner‏ @sanderwagner Oct 20
          Replying to @Noahpinion @conorsen

          Kinda sad that elizabeth warren is used to illustrate articles on identity politics now. Genetics test was stupid and miscalculated political theatre. But she off all people actually has a smart and substantive policy vision.

          1 reply 0 retweets 1 like
        3. Conor Sen‏ @conorsen Oct 20
          Replying to @sanderwagner @Noahpinion

          A good argument for her staying in the Senate where she could steward good housing policy.

          1 reply 0 retweets 3 likes
        4. Sander Wagner‏ @sanderwagner Oct 20
          Replying to @conorsen @Noahpinion

          Ha!

          0 replies 0 retweets 0 likes
        5. End of conversation
        1. Motown Boy‏ @motown5203 Oct 20
          Replying to @Noahpinion @conorsen

          Good article! I’ve seen small doses of dignity do amazing things for a family. The thing that nobody talks about re the Great Recession is the BILLIONS in debt forgiveness AND tax forgiveness that went to wealthy people.

          0 replies 0 retweets 1 like
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