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.
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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!
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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.
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Agree. I will start a separate thread on this.
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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.
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Garbage article. Banks were mandated to provide loans to the poor & the policies you are advocating sowed the seeds of the housing bubble. Vanguard/Fidelity provide almost zero cost funds. Wealth confiscation & death taxes will just change people’s behavior to get around it.
End of conversation
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