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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Replying to @Noahpinion
1 and 4 sound obviously good, 2 sounds alright, and 3 sound like a foot gun.
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Replying to @mattparlmer
It's what Conor Sen and I called for a few days before the plan came out!https://www.bloomberg.com/view/articles/2018-09-24/america-needs-policy-to-revive-the-dream-of-homeownership …
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Replying to @Noahpinion
Haven't seen the research you cite before so I'll give it a read, but it does seem unintentionally regressive to incentivize poor people to tie themselves to a large illiquid asset that is likely in an unproductive area because that's what they can afford.
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Replying to @mattparlmer @Noahpinion
Besides the mobility implications there are longer-run risks. Rich people didn't build all those single-story houses in the South Bay, but five decades of economic and population growth later they're a huge impediment to everybody else.
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That's why you incentivize multi-family housing in the same areas (as this plan does). I'd like to see the two things be more explicitly connected, but this is progress.
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