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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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 …15 replies 16 retweets 98 likesShow this thread -
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.
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Couldn’t one argue the reason for high prices is driven by government enacting price controls to “help” housing affordability? Thomas Sowell argues against it IMO in a really compelling way.https://m.youtube.com/watch?v=hw43P7kf-Cg …
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Need to tax capital gains on real estate punitively. Takes away land speculation.
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LVT!!!
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