compare WA I-732 baptist-bootlegger coalitions, except left activists and nimbys nothing good will ever happenhttp://www.latimes.com/politics/la-pol-ca-housing-bill-failure-equity-groups-20180502-story.html …
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seriously I Despair one reason I've left the object level even on practical politics is that every well-designed policy proposal I've ever been enthusiastic about gets crushed so, fuck it, I quit, do whatever you want, i opt out of the shithole public sector weve created
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oh shiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiihttp://mynorthwest.com/975874/construction-workers-drown-out-kshama-sawant/ …
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I had a conversation on Saturday with a guy who builds houses in CA and he was absolutely convinced this would not help, because what would happen is luxury apartments would get built in all the convenient places.
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You may find this implausible: I invite you to review the story of Presidential Towers in Chicago.
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they might build luxury towers and that's fine! as long as they're building a lot of them "luxury" as conventionally defined isnt the driver of house prices; supply inelasticity is
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If the problem is short supply more is always better even if the more isn't in the highest demand band, it's true. Fifty luxury apartments is better than four luxury houses.
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the reason cities (with good economies and positive immigration inflow) are dysfunctional is because of the housing market dynamics. it's the root cause of almost every other problem I can think of. the suburbs were a tragic mistake that punted the problem 50 years down the road.
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